November 2, 2023
Update: NRG Reports Retail Energy Customer Count
NRG Energy has filed a 10-Q which includes its ending retail Home customer count as of September 30, 2023
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November 2, 2023
NRG Reports Expanded Margins, "Near-Record" Retention
NRG Energy reported earnings for the three months ended September 30, 2023 (third quarter of 2023)
October 11, 2023
Community Solar Company Offering Retail Energy Shopping Service Raises $30M from Nuveen
A community solar company which also offers a retail energy shopping service today announced a $30 million investment from…
September 28, 2023
Start-up Auto-Switching Concierge Service Announces $9M Seed Round, Will Expand Nationwide
Names Retail Vet As Head of Brokerage
A start-up is in the process of seeking electricity broker licenses in…
September 25, 2023
Update: Retail Energy Holding Company Sells Minority Stake In Company
Retail Energy Broker Sells Minority Stake In Company
ResCom Energy, LLC affirmed that it remains a subsidiary of The Power 1 Energy Company as, as such, as part of the transaction originally reported below concerning a ResCom affiliate, "On August 24, 2023, ResCom Energy, LLC’s upstream ownership reflected more than a 10% change when SAT ENG, LLC…
September 25, 2023
Retail Energy Broker Sells Minority Stake In Company
Broker The Power Company USA, LLC reported that, on August 24, 2023, The Power Company USA, LLC's upstream ownership reflected more than a 10% change when SAT ENG, LLC assumed an ownership interest of 15.73% in The Power 1 Energy Company.
August 30, 2023
Parent of Retail Supplier Announces Review of Strategic Alternatives
UGI Corporation announced today that its Board of Directors, "has initiated a process to evaluate potential strategic alternatives with the intent to unlock and maximize shareholder value."
August 9, 2023
Vistra Reports "Strong" Retail Counts & Margins
Vistra Corp. reported for its Retail segment Adjusted EBITDA of $498 million for the quarter ending June 30, 2023 (second quarter), up from $403 million a year ago, on, "strong counts and margins performance," partially offset by below normal weather experienced in all markets
August 8, 2023
Retail Supplier Parent Unveils $50 Million Energy Storage Fund, Market Focus Includes ERCOT
Gridmatic, an AI-enabled power marketer whose operations include Gridmatic Retail (details here) , today announced the launch of its first Energy Storage Fund, a $50 million fund that Gridmatic will use to oversee the management of up to 500 MW of battery capacity in the ERCOT and CAISO markets.
August 8, 2023
NRG Reports Organic Customer Growth During Q2, Increased Power Margins
In reporting earnings for the quarter ending June 30, 2023 (second quarter), NRG reported 100k organic customer growth in Q2
August 7, 2023
Retail Supplier Reports Record Amount Of RCEs, Parent Increases Adjusted EBITDA Guidance
In reporting earnings for the second quarter ended June 30, 2023, Genie Energy, Ltd. said that Genie Retail Energy (GRE) achieved a record number of RCEs
August 2, 2023
Via Renewables Reports Organic Customer Growth, Higher Unit Margins
Via Renewables, Inc. ("Via Renewables" or the "Company") today reported financial results for the quarter ended June 30, 2023.
July 27, 2023
AEP Energy Grows Customer Base By Nearly 100,000 Accounts While Working Through Sale Process
Retail supplier AEP Energy had approximately 844,000 customer accounts as of June 30, 2023, parent American Electric Power reported in a 10-Q.
July 25, 2023
NextEra Reports Higher Margins In Customer-Facing Supply Business
NextEra Energy, Inc. reported that, for the quarter ending June 30, 2023, the adjusted EPS contribution from its customer supply and trading business increased by 9 cents per share (approximately $182 million) versus the year-ago quarter, "primarily due to higher margins in our customer-facing…
July 20, 2023
Retail Supplier Comments Further On Common Stock Dividend; Announces Dividend on Preferred Stock
Via Renewables, Inc. ('Via Renewables' or the 'Company') announced today that, in accordance with the terms of the 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock ('Series A Preferred Stock') of the Company, the Board of Directors has declared a quarterly cash…
July 19, 2023
Renewable Energy Procurement Firm Using AI To Serve End-use Customers Closes $5.75M Seed Round
Verse announced it has closed a $5.75 million seed funding round, led by Coatue with participation from Twine Ventures, MCJ Collective, firstminute capital, Collaborative Fund, Future Positive, and Incite.org, and others
June 28, 2023
Elliott Calls for New CEO and Strategic Review at NRG Energy
Elliott Pans "Misguided Home Services Strategy"
Elliott Investment Management L.P. (Elliott), which said that it manages funds that have an investment of approximately $1 billion representing a more than 13% economic interest in NRG Energy, Inc. ('NRG' or the 'Company'), released a new public letter calling for a process to select a new CEO and…
June 22, 2023
NRG Reports 1.5 GW In Potential Brownfield Opportunities In ERCOT, Specifically Targeted To Meet Retail Supply Needs
During an investor day, NRG Energy reported that it has identified 1.5 GW in potential brownfield opportunities in ERCOT, with the proposed projects, "specifically targeted to meet the supply needs of our ERCOT retail business."
June 20, 2023
Retail Supplier Announces Completion of Preferred Stock Redemption
Genie Energy Ltd. ("Genie Energy") announced today that it completed the scheduled redemption of all outstanding shares of its Series 2012-A Preferred Stock ("Preferred Stock") on June 16, 2023.
May 18, 2023
Retail Supplier Announces Working Capital Lending Facility
Rhythm Energy, Inc. announced that it has secured a working capital facility from ENGIE Energy Marketing NA, Inc. (ENGIE), an affiliate of ENGIE North America Inc.
May 16, 2023
Retail Supplier Parent Announces Full Redemption of Its Preferred Stock
Genie Energy Ltd. announced that its Board of Directors has approved the redemption of all outstanding shares of its Series 2012-A Preferred Stock ("Preferred Stock").
May 15, 2023
Updated with Statement from NRG: Elliott Investment Management Seeks Strategic Review Of NRG Energy Home Services Businesses, Including Vivint
Elliott Alleges, "NRG’s Retail Cost Structure Has Also Escalated Since 2018 And Has Become Uncompetitive Against Peers"
May 9, 2023
Vistra Reports Texas Retail Customer Growth, Continues To Be Offset By Northeast Declines
Vistra today reported first quarter 2023 financial results
May 8, 2023
Genie Retail Energy Grows Customer Book By Nearly 100,000 RCEs (Net) In Three Months, Approaches Record Count
Genie Retail Energy (GRE) grew its customer book by a net of about 92,000 RCEs during the three months ended March 31, 2023 (Q1), the supplier's parent, Genie Energy, Ltd., said in reporting earnings today
May 4, 2023
Constellation Reports "Strong" Performance Led By Commercial Energy Business, Says Customers Came To Supplier Due To Volatility
Constellation Energy Corporation today reported its financial results for the first quarter of 2023