August 3, 2017
NRG Sees Accelerated Mass Market Customer Growth
NRG Energy reported that its Retail unit saw mass market customer growth during the quarter ending June 30, 2017 (second quarter)
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August 3, 2017
Exelon CEO On Retail: "We Don't Need To Chase Volume, We Chase Margin"
Execs Talk Retail M&A, Segmentation Focus
During an earnings call, Exelon executives discussed their retail strategy and position.
August 1, 2017
Direct Energy Customer Count Falls On Pullback From Low Margin Aggregations, Door-to-Door
Centrica reported a decline in its North American Home energy supply customer count as it scaled back certain sales channels and focused efforts on higher margin customers in its Connected Home segment.
July 31, 2017
Asked About Strategic Direction, PSEG CEO Says "Quite Happy" With Merchant Power Unit
In response to an analyst question during an earnings call on Friday concerning the strategic direction for the company's merchant unit, Public Service Enterprise Group CEO Ralph Izzo said that the company is, "quite happy" with the cash generated from PSEG Power
July 31, 2017
FirstEnergy Sets Meetings With FirstEnergy Solutions Creditors
FirstEnergy Corp. management is scheduled to have discussions with FirstEnergy Solutions (FES) creditors this week, FirstEnergy Corp. CEO Chuck Jones said during an earnings call on Friday
July 28, 2017
FirstEnergy Solutions Sheds 70,000 Customers
Consistent with its previously reported strategy to reduce competitive retail sales, FirstEnergy reported that FirstEnergy Solutions saw a net decline of 70,000 retail customers from March 31, 2017 to June 30, 2017, the company said in reporting earnings today
July 28, 2017
Calpine Confirms Discussions Regarding Potential Sale Of Company
In reporting earnings this morning, Calpine confirmed that its Board of Directors and management are in discussions regarding a potential sale of Calpine
July 21, 2017
Subsidiary of Parent of Retail Supplier Enters Into Agreement To Launch New Retail Energy Joint Venture
On July 17, 2017, a subsidiary of Genie Energy Ltd. (the "Registrant") entered into a definitive agreement with a partner to launch a joint venture offering electricity and natural gas service to residential and small business customers in the United Kingdom, Genie Energy Ltd. reported in an 8-K
July 12, 2017
Retail Supplier Parent Reaches Agreement to Sell Three Power Generating Assets
Dynegy Inc. has reached agreements to sell three of its generating plants for approximately $300 million.
July 12, 2017
NRG "Transformation Plan" Emphasizes Investment in Retail Business
Asked About Potential NRG Texas Retirements, CEO Says "Very Comfortable" With Current Retail-Generation Balance in ERCOT
July 6, 2017
Update: Spark Energy Further Details Consideration Paid At Closing Of Verde Acquisition
In an 8-K, Spark Energy provided further details concerning consideration paid in connection with its acquisition (accomplished through its subsidiary CenStar Energy) of Verde Energy, which recently closed, as RetailEnergyX.com reported yesterday
June 30, 2017
Trump Nominates Senate Committee Counsel, Former Utility VP To FERC
President Trump nominated Richard Glick to serve as Commissioner of the Federal Energy Regulatory Commission for the remainder of a 5-year term expiring June 30, 2022.
June 13, 2017
Sunnova Raises Nearly $1 Billion In Past Three Months
Funding To Help Growth in Texas Sunnova Wants To Be Customers' "Primary Power Provider"
Sunnova Energy Corporation announced today it has raised aggregate capital of nearly $1 billion in the past three months after closing a $140 million round of debt funding with CIT Group and other investors this past week.
May 30, 2017
Update: Crius Energy Trust To Acquire U.S. Gas & Electric
Update, 5/31: MVC Capital, Inc., the parent of U.S. Gas & Electric, Inc., said that the Crius Acquisition (first reported yesterday, see below) was determined to be superior to the Equus transaction announced last month.
May 25, 2017
Retail Supplier Announces Share Buyback Program
Spark Energy, Inc. announced that its Board of Directors has authorized a share buyback program of up to $50 million of Spark Class A common stock.
May 23, 2017
Retail Supplier Reports Earnings, Other Financial Data In Connection With Sale
Various financial metrics for U.S. Gas & Electric have been reported in an investor presentation regarding the previously reported transaction (see details here) under which Equus Total Return, Inc. has entered into a definitive agreement to acquire MVC Capital, Inc.'s largest portfolio holding, U.S…
May 23, 2017
Retail Supplier Approves Two-for-One Stock Split
Spark Energy, Inc. announced today that its Board of Directors declared a two-for-one stock split of its issued Class A and Class B Common Stock, to be effected in the form of a stock dividend.
May 22, 2017
Retail Supplier Closes New $120 Million Credit Facility To Support Growth
Spark Energy, Inc. announced today the closing of a new $120 million senior secured borrowing base credit facility (the "Facility" or the "Agreement") to replace the existing senior secured credit facility.
May 19, 2017
Just Energy Exploring Inorganic Growth, But Not Interested In Most Books Currently Out There
Just Energy said during an earnings call yesterday that it is exploring inorganic growth through acquisitions of several types of companies, including retail suppliers active in North America, but the company said that most of the books currently out there are not of interest to it.
May 19, 2017
Vistra CEO: Only Way To Grow TXU Brand Is Through Acquisition, But It's Not The Right Time
Any meaningful customer growth for the TXU Energy brand will likely need to come from acquisitions, but now is not the right time to purchase retail books, Vistra Energy CEO Curt Morgan said during an earnings call yesterday
May 18, 2017
Flash: TXU Parent Reports Residential Retail Customer Growth, Flat Overall Customer Count
CEO Says Retail "Cornerstone" Of Vistra Energy
In reporting earnings today, Vistra Energy (parent of TXU and other retail brands) said that it grew its residential retail customer count during the first quarter.
May 12, 2017
Crius Energy Reports Customer Growth, Higher Adjusted EBITDA
Crius Energy reported net customer growth and higher Adjusted EBITDA in releasing earnings for the quarter ending March 31, 2017
May 9, 2017
Spark Energy CEO: Not Seeing A Lot Of Competition For Book Purchases
Company Approaches 1 Million RCEs With Latest Acquisition
Spark Energy, which as previously reported announced yesterday that it had signed a purchase agreement to acquire Verde Energy, said that it is not seeing a lot of competition on some of its M&A transactions.
May 8, 2017
Spark Energy Signs Agreement To Acquire Retail Supplier With 145,000 RCEs
Spark Energy, Inc. announced that it has signed a purchase agreement to acquire Verde Energy, which Spark said is expected to add approximately 145,000 RCEs and $25 million in annual Adjusted EBITDA
May 5, 2017
Dynegy CEO Says Trends "Favorable" For Retail Growth, Actively Pursuing New Markets
Retail Growth Remains A Top Goal After Deleveraging
In reporting earnings today, Dynegy reported that it is actively pursuing broadening its retail business beyond Ohio and Illinois