December 23, 2019
Says Strategic Review, "Should Be Concluded As Soon As Reasonably Possible" Strategic Review Delay Has Caused Stockholders To Defer Decisions On Governance, Management, Business Focus, Capital Priorities, Snyder Says
Snyder Says Just Energy Can Be Remedied Through Installation Of, "Industry-Expert And Invested Oversight"
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December 10, 2019
"Largest Residential Energy Broker In The Country," Rebrands To Reflect "Complete Home Energy Platform" Near-Term Plans Include New Energy Subscription Pricing Models, Incentivizing Customers To Use Smart Home Devices To Shift Consumption
Arcadia (a rebranding of Arcadia Power as noted further below) announced the closure of a $30M Series C funding round to, as described by the company, "accelerate the consumer technology company's mission of providing simplified and equitable clean energy access to all Americans."
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December 2, 2019
Just Energy Group Inc. (“Just Energy” or the “Company”) announced today that it has amended its senior secured credit facility to increase the senior debt to EBITDA covenant ratio from 1.50:1 to 2.00:1 for the third quarter of Fiscal 2020.
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November 21, 2019
Reports Growth In North America Consumer Accounts
In a trading statement released today, Centrica said, "The Company has delivered growth in total customer accounts, higher margins and returns in business energy supply in North America[.]"
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November 15, 2019
Summer Energy Holdings, Inc., the parent of the Summer Energy retail providers, reported earnings for the three months ended September 30, 2019
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November 11, 2019
In a presentation to investors, AEP reported various metrics for its retail supplier AEP Energy
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November 11, 2019
In a presentation to investors, Exelon reported various metrics for its Constellation retail business
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November 8, 2019
Calpine has filed a 10-Q with additional revenue data for the Retail segment
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November 8, 2019
Newly Entering The Texas Marketing, Genie Serving A "Few Thousand" RCEs In ERCOT
Genie Energy Ltd. reported results for the third quarter ending September 30, 2019
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November 8, 2019
In reporting earnings for the third quarter of 2019 (see earnings story from yesterday here) , NRG Energy also reported its year-to-date net capital expenditures for the acquisition of small retail energy books
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November 8, 2019
A retail energy supplier serving 95,000 residential and small business electricity and natural gas customers in PJM and New York is exploring strategic alternatives
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November 7, 2019
NRG Says Retail Business Positioned To Acquire Customers, "At-Value With Increased Volatility Pressuring Pure Retailers" NRG Reports Flat Retail Adjusted EBITDA NRG Reports Customer Count, Retail Volumes
In reporting third quarter earnings today, NRG Energy said that, for its Retail segment, Adjusted EBITDA was $269 million for the quarter ending September 30, 2019, which was flat versus the year-ago quarter
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November 6, 2019
Just Energy Reports Higher Gross Margin, Base EBITDA RCE Count Falls On Customer Profitability Focus Reports "Very Competitive Market For Renewals"; Competitors "Pricing Aggressively"
Flogas Natural Gas Limited said that it is acquiring about 10,000 residential and commercial customers from Just Energy Ireland under the transaction first reported by EnergyChoiceMatters.com on November 6, as noted below
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November 5, 2019
RCE Count Falls
For the quarter ended September 30, 2019, Spark Energy, Inc. reported Adjusted EBITDA of $28.1 million, compared to Adjusted EBITDA of $18.6 million for the quarter ended September 30, 2018.
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November 5, 2019
Expects Any Retail Energy Deals To Be Smaller, Will "Likely Pursue" Vistra (TXU Parent) Grows ERCOT Customer Count Organically Retail Segment Reports Negative Adjusted EBITDA On ERCOT Wholesale Pricing, Offset By Gains In Generation Segment
Reports Negative Impact From Retail Term Contract Backwardation
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November 5, 2019
Zenergy Brands, Inc., along with subsidiaries NAUP Brokerage, LLC, Zenergy Power & Gas, Inc., and Enertrade Electric, LLC, recently filed voluntary Chapter 11 petitions for bankruptcy
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November 4, 2019
In September 2019, Dominion Energy entered into an agreement to form Wrangler Retail Gas Holdings, LLC, a partnership with Interstate Gas Supply, Inc. Wrangler will operate a nonregulated natural gas retail energy marketing business with Dominion Energy contributing its nonregulated retail energy…
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October 31, 2019
Company "Transforms" Generation Business Due To Weak Wholesale Conditions Exelon Says Customer-Facing Constellation Business Continues To Perform "Very Well", With "Good", "Sustained" Margins
Company Cuts Expected Gross Margin For Overall Generation Segment Due To Weak Wholesale Market
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October 30, 2019
Parent Does Not Anticipate Making Significant Investments In Broker, Will Provide "Limited" Support Broker's Impact On Parent To Be Immaterial For Foreseeable Future
In reporting third quarter earnings, Edison International provided an update on its broker and energy consulting business, Edison Energy
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October 30, 2019
Southern Co., the ultimate parent of Southstar Energy Services and related brands, reported a lower retail competitive natural gas customer count in its Gas Marketing Services segment, in reporting third quarter earnings
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October 30, 2019
In reporting earnings this morning, AltaGas Ltd. said that Normalized EBITDA for its Power segment for the third quarter, excluding the impact of asset sales, was lifted by improved results in its U.S. retail electric marketing business (WGL Energy Services)
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October 29, 2019
Has Communicated With Other Significant Stockholders Of Just Energy Regarding Monitoring Of Strategic Review, With A, "View Towards Other Potential Courses Of Action Regarding Their Investment In The Company, Contingent Upon The Outcomes Of The Strategic Review"
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October 28, 2019
AEP in a 10-Q filed last week provided details concerning the change in gross margin, and revenues, for its Retail, Trading & Marketing segment, within its Generation & Marketing segment, for the third quarter
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October 8, 2019
Identifies a Further C$20 Million of Cost Savings in North American Operations
Just Energy Group Inc. (the "Company") announced today that it has executed a share purchase agreement to sell the Company’s UK operations, Hudson Energy Supply UK Limited ("Hudson UK"), to Shell Energy Retail Limited ("Shell Energy Retail") for up to £10.5 million (approximately C$17 million).
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September 27, 2019
Has Held "Frank Exchange of Views" With Just Energy Board Members, Officers Concerning Strategic Review, Accounts Receivables Adjustment
Rob Snyder, through the entity "The Robert L. Snyder Trust – 2005 Stream" (hereafter collectively referred to as the "Reporting Persons"), disclosed that the Reporting Persons have increased their holdings of Just Energy Group Inc. to 8.3% of Just Energy's common stock, according to an amended…
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