May 4, 2017
Genie Retail Energy (GRE), the parent of IDT Energy and other retail energy brands, reported customer growth during the quarter ending March 31, 2017 (first quarter), while earnings were down slightly due to lower margins.
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May 4, 2017
Exelon told investors yesterday during an earnings call that it will sell the portfolio of its ExGen Texas Power LLC subsidiary, which includes nearly 3,500 MW of gas-fired generation in ERCOT
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May 4, 2017
During an earnings call yesterday, Exelon reported that Constellation continues to see steady retail margins for newly originated C&I electricity customers.
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May 3, 2017
During an earnings call yesterday, NRG President and Chief Executive Officer Mauricio Gutierrez said that the company continues to see opportunities to add to its retail business in the East, subject to the "limitations" of the eastern retail market
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May 2, 2017
NRG Energy reported that its Retail unit saw mass market customer growth during the quarter ending March 31, 2017 (first quarter), but earnings were weighed by lower margins
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May 1, 2017
Retail Prez: Organic Growth "More Fun"
Calpine's President of Retail, Trey Griggs, reiterated during an earnings call that the company is satisfied with its retail platform after several acquisitions , and does not intend to pursue any additional large scale retail M&A
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April 28, 2017
Says Customer Relationship "Critical" As AEP Considers Industry Future, Channel Growth (New Products/Services) AEP Still Open To Sale Of Retail Business, But Retail Sale Not Needed Once Merchant Plants Gone
During an earnings call, AEP CEO Nicholas Akins discussed the company's view for its competitive retail business once AEP completes its exit from merchant generation, noting that while the company is open to selling the retail business, AEP may elect to continue to hold the retail business for…
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April 25, 2017
Implied Total Enterprise Value Under Transaction Is $167 Million Purchaser Cites Potential For More Strategic Acquisitions
MVC Capital, Inc. announced that Equus Total Return, Inc., a publicly-traded business development company that previously announced its intention to become an operating company, has entered into a definitive agreement to acquire MVC’s largest portfolio holding, U.S. Gas & Electric, Inc.
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April 5, 2017
Genie Energy Ltd., the parent of several retail energy suppliers including IDT Energy, announced that its Genie Retail Energy division has secured a $20.0 million revolving loan facility with Vantage Commodities Financial Services, LLC.
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April 4, 2017
Spark Energy, Inc. announced that it has closed on the previously reported acquisition of 19,000 RCEs from National Gas & Electric, LLC (NG&E) and also said that it has exercised an option to acquire an additional 41,000 RCEs from a third party in connection with this acquisition.
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March 31, 2017
During an earnings call yesterday, Vistra Energy executives discussed its capital allocation strategy and potential for M&A, including potential M&A for its retail segment
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March 30, 2017
Vistra Energy, the parent of TXU and Luminant, cited "exceptional" performance from its retail business in reporting earnings today, stating that TXU recorded its highest Adjusted EBITDA since 2012
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March 17, 2017
In reporting earnings today, Crius Energy reported that it extended its marketing agreement with Comcast for a period of five years
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March 15, 2017
ONEnergy Inc., the parent of retail supplier Sunwave Gas & Power, has entered into a non-binding letter of intent with Cricket Energy Holdings Inc. to sell the rental equipment assets of ONEnergy's Home Comfort business for approximately $8.3 million (all $ Canadian) and the assumption of Home…
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March 8, 2017
EMEX, LLC, a broker and energy risk management firm, recently announced several financial growth metrics and disclosed its volumes under contract
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March 8, 2017
Parent of Retail Supplier Names New COO
Genie Retail Energy, which as previously reported in the fourth quarter of 2016 closed on its acquisition of the Town Square Energy retail suppliers, is looking for additional acquisition opportunities
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March 6, 2017
During an earnings call on Friday, Spark Energy CEO Nathan Kroeker said that the company has three acquisitions for which it has letters of intent.
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March 3, 2017
Spark Energy said that it saw record Adjusted EBITDA for the fourth quarter and year 2016.
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February 28, 2017
NRG Energy reported retail growth year-over-year in terms of customer count and Adjusted EBITDA in announcing 2016 earnings
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February 25, 2017
Dynegy said during an earnings call that more generation asset sales are possible as part of its strategy to meet its 4.5x net leverage target
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February 25, 2017
During an earnings call, Public Service Enterprise Group Inc. (PSEG) provided an update on its newly created competitive retail energy supplier, PSEG Energy Solutions
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February 25, 2017
Dynegy is expanding its retail business to two states organically, and moving into Texas would be beneficial, but would be secondary to more pressing balance sheet goals, Dynegy CEO Robert Flexon said during an earnings call
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February 24, 2017
Says Retail Unit Maintaining Strong "Incumbent" Position In Illinois
Dynegy expects to increase competitive retail sales in 2017 as it pushes municipal aggregation in Ohio.
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February 24, 2017
Centrica said in reporting earnings (see yesterday's story) that its North American Home energy supply business saw a 47% decline in complaints, as reported by various regulatory bodies, in 2016 versus 2015.
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February 24, 2017
Dynegy announced several asset sales and other transactions in reporting earnings yesterday.
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