November 4, 2011
NRG 10-Q Discloses Green Mountain Energy Customer Growth, Reliant Gross Margin Drivers
Green Mountain Energy's customer count grew by 14,000 from June 30, 2011 to September 30, 2011, parent NRG Energy disclosed in a 10-Q yesterday.
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Finance & Earnings
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November 3, 2011
Performance of CenterPoint Competitive Retail Unit Continues to be Masked by Wholesale Losses
CenterPoint Energy's competitive natural gas sales and services business reported an operating loss of $10 million for the third quarter of 2011 compared to operating income of $7 million for the same period of 2010, largely due to the continuing unfavorable climate for the wholesale side of the…
November 3, 2011
SouthStar Energy Services Narrows Seasonal EBIT Loss
AGL saw its retail energy operations segment, consisting of SouthStar Energy Services, report a seasonal EBIT loss of $5 million for the third quarter of 2011, narrowing the year-ago EBIT loss of $9 million.
November 3, 2011
Reliant Energy Customer Growth Accelerates
Reliant Energy reported accelerated customer growth in the quarter ending September 30, 2011, parent NRG Energy reported this morning.
November 2, 2011
Nicor Cites "Real Potential" for Illinois Electric Business
During an earnings call, Nicor said that it sees "real potential" for its new electric commodity marketing business in Illinois, which is conducted pursuant to a marketing agreement with Dominion Retail.
November 2, 2011
FirstEnergy Solutions Growth in Direct Retail Sales Continues
Continuing the pace seen in the second quarter of 2011, direct retail sales by FirstEnergy Solutions in the third quarter of 2011 increased by two-thirds versus the year-ago quarter, FirstEnergy Corp. disclosed yesterday in reporting earnings.
October 31, 2011
TXU Expects Higher Retail Pricing due to ERCOT Conditions
Wholesale prices in ERCOT have to recognize scarcity of generation assets, "and that will eventually flow through to the retail business," Energy Future Holdings CEO John Young said during an earnings call Friday.
October 31, 2011
Constellation Enjoying Higher Margins from Wholesale Business as Retail Space Becomes Crowded
Constellation's NewEnergy segment reported adjusted earnings of $46 million for the third quarter, reversing a year-ago loss of $14 million, on strong results from wholesale load serving contracts, and the absence of year-ago charges.
October 31, 2011
Dominion Retail Reports Quarterly Loss on ERCOT Weather
Dominion Retail reported a loss before interest and taxes of $1 million for the quarter ending September 30, 2011, due to the need to purchase incremental power for its ERCOT retail business at peak prices.
October 28, 2011
DPL Energy Resources Serving 85% of Migrated Sales at Dayton Power & Light
DPL Energy Resources is serving 85% of migrated sales at affiliate Dayton Power & Light as of the quarter ending September 30, 2011, DPL Inc. reported in a 10-Q.
October 27, 2011
Exelon Generation Adjusted Results Lifted by Texas Weather, Expired PECO PPA
Exelon's Generation unit, which includes the results from its competitive retail sales operations, posted higher adjusted earnings of $522 million for the third quarter, up from $499 million a year ago.
October 27, 2011
Customer Migration Greater than Forecast by AEP Ohio
Customer switching in Ohio accounted for a reduction in gross margin of $37.4 million at AEP Ohio during the third quarter of 2011, AEP disclosed in reporting earnings yesterday.
October 7, 2011
IDT Energy Continues Customer Growth, Posts Loss on Acquisition Costs, Tax Accrual
IDT Energy continued to post net customer growth for the quarter ending July 31 (fourth fiscal quarter of 2011), with a net gain of 27,000 meters, its parent disclosed in reporting earnings yesterday.
October 4, 2011
NRG Energy Execs "Baffled" by Lack of REP Defaults from August Heat
NRG Energy executives are "baffled" by the lack of fallout from the extreme heat and wholesale pricing in the ERCOT market on retail electric providers, NRG CEO David Crane said during an investor call to revise guidance downward due to the difficult August.
September 2, 2011
NextEra Subsidiary to Sell Four Generating Assets
A NextEra Energy Resources, LLC, subsidiary has entered into an agreement to sell its ownership interest in a portfolio of natural gas-fired generating assets to an affiliate of LS Power for $1.05 billion, subject to working capital and other adjustments.
August 30, 2011
IDT Corp. Files Registration Statement to Spin-Off Unit Holding Retail Supplier IDT Energy
IDT Corporation, through its Genie Energy Ltd. subsidiary, has filed an initial registration statement, including an information statement, related to the previously reported anticipated spin-off of Genie Energy to IDT stockholders.
August 23, 2011
Clean Currents Leads Retail Energy Companies in Inc. Rankings
Clean Currents led retail supply-related companies in this year's Inc. Magazine 500/5000 rankings of revenue growth at private companies from 2007 to 2010.
August 12, 2011
Just Energy Adjusted Earnings Higher on Weather, Customer Growth
Just Energy Group Inc. reported Adjusted EBITDA of $37.4 million for the three months ended June 30, 2011 (first fiscal quarter of 2012), up from $29.7 million a year ago, on a 17% increase in gross margin and lower administrative costs, offset by an increase in selling and marketing and bad debt…
August 10, 2011
Superior Plus Reports Higher Gross Profit from Retail Supply Business
Superior Plus' fixed-price energy services business generated gross profits of $9.0 million for the second quarter of 2011, compared to $6.8 million in the prior year quarter (all figures Canadian).
August 9, 2011
Briefly
PUCT Staff Seeks to Revoke REP Certificate of Elan Energy
August 9, 2011
South Jersey Energy Company Targets "Aggressive" Marketing at PECO As Gas POR Implemented
South Jersey Energy Company recorded economic earnings of $1.9 million for the first six months of 2011, versus $2.4 million a year ago, parent South Jersey Industries reported yesterday.
August 8, 2011
PPL Supply Earnings Weighed By Lower Pricing, Outage
PPL Corporation's Supply segment reported lower earnings from ongoing operations of $68 million for the second quarter, versus $164 million a year ago, on lower energy margins as well as a refueling outage at the Susquehanna nuclear plant.
August 5, 2011
Briefly
Reliant Energy Grows Customers Taking eSense Product
August 5, 2011
Retail Segment Continues to Highlight CenterPoint's Competitive Gas Results
CenterPoint Energy's competitive natural gas sales and services business reported operating income of $3 million for the second quarter of 2011, compared to an operating loss of $6 million for the same period of 2010.
August 5, 2011
Slower Growth at Integrys Energy Services Due to Illinois Market Development Delays
Delays in the development of the Illinois retail electric market were among the reasons for slower growth at Integrys Energy Services, executives said yesterday during an earnings call.