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May 17, 2018
If ERCOT this summer sees the volatility that the market is worried about right now, "you're going to see everybody's book at risk if they're not hedged, naturally or through weather structures like us," Just Energy’s CEO Pat McCullough said during an earnings call
May 11, 2018
As a result of the negative financial impact that extreme cold weather during the first quarter of 2018 had on the business (see story here) , Spark Energy said during an earnings call that it will pull back from the low margin larger C&I business, particularly in the Northeast and New England
May 7, 2018
On May 1, 2018, Summer Energy Holdings, Inc. ("SEH"), and its subsidiaries Summer Energy, LLC ("Summer LLC") and Summer Energy Northeast, LLC ("Summer Northeast"; together with SEH and Summer LLC, the "Company") closed a transaction with EDF Energy Services, LLC and EDF Trading North America, LLC…
May 3, 2018
NRG Energy reported that its Retail segment recorded Adjusted EBITDA of $188 million for the first quarter of 2018, $55 million higher than first quarter 2017, due to lower operating costs and higher gross margin with increased customer count, higher customer usage and favorable weather in 2018
April 10, 2018
Direct Energy Business announced that, "An innovative new business-to-business transactive energy network called Exergy, which helps to cut costs and improve efficiency for commercial businesses, is being launched in Texas by LO3 Energy and Direct Energy Business."
March 2, 2018
AVANGRID, Inc. announced that its wholly owned subsidiary, Avangrid Renewables Holdings, Inc., has completed the sale of Enstor Energy Services, LLC, to a subsidiary of Castleton Commodities International LLC.
February 26, 2018
Summer Energy Northeast, LLC (Summer Northeast), a wholly-owned subsidiary of Summer Energy Holdings, Inc., entered into a transaction with EDF Energy Services, LLC (EDF), whereby EDF becomes Summer Northeast’s primary provider for the purchase and sale of electricity and would, subject to certain…
February 8, 2018
"Expects" Some Retail Suppliers Have Had Trouble With January Weather, Prices
In discussing earnings this morning, Just Energy executives said that they are keeping a keen eye on acquisition opportunities, given that they expect some retail suppliers will have had trouble with recent weather-related market price volatility
February 8, 2018
During an Exelon earnings call yesterday, Joseph Nigro, CEO of Constellation, said that it was too early to determine what, if any, impacts recent cold snaps would have on the competitive intensity in the retail business, but did report on two behaviors Constellation is seeing the market.
December 1, 2017
"That's All That Staff's Got" In Push To End Choice, Witness Says
A "flawed" comparison of ex post revenues from default service customers versus ESCO customers, submitted by Staff of the New York Department of Public Service, is, "all that Staff's got," in Staff's push to largely end retail choice in the mass market (except for a limited set of products or…
October 10, 2017
In comments on the Illinois Power Agency's 2018 default service procurement plan, Staff of the Illinois Commerce Commission have recommended granting the IPA additional flexibility to procure more than the targeted amount of capacity at Ameren in a spring procurement event if lower prices would make…
July 12, 2017
Boston Gas Company and Colonial Gas Company d/b/a National Grid requested that the Massachusetts Department of Public Utilities authorize a change in National Grid's gas purchasing practices designed to mitigate natural gas price volatility
July 6, 2017
The presiding ALJs in the New York PSC's evidentiary retail mass market review have denied a specific discovery request by the Retail Energy Supply Association related to the historic bill calculators comparing ESCO service to default service offered on certain utility websites, with the ALJs…
July 6, 2017
Vistra Energy, the parent company for TXU Energy and Luminant, announced today it has entered into a definitive agreement to acquire a 1,054 MW combined cycle, combustion turbine power plant located in Odessa, Texas from a subsidiary of Koch Ag & Energy Solutions, LLC.
June 12, 2017
IDT Energy, Inc., announced today that it has launched indirect energy procurement and advisory services for commercial and industrial customers.
November 4, 2016
The Public Utility Commission of Ohio approved a revised nonbypassable PPA rider at AEP Ohio, which is now limited to the Ohio Valley Electric Corporation (OVEC), in light of FERC jurisdictional issues with PPAs with AEP Ohio-affiliated generation.
October 13, 2016
PUCO Chair: Commission "Not A Bank"
The Public Utilities Commission of Ohio rejected a nonbypassable Retail Rate Stability (RRS) rider at the FirstEnergy Ohio utilities, but adopted a nonbypassable Distribution Modernization Rider (DMR) instead.
October 11, 2016
Consumers Energy in Michigan touted a 36¢/Mcf decline in the default service natural gas supply rate versus last winter.
September 28, 2016
The Illinois Power Agency has filed with the Illinois Commerce Commission its 2017 proposed default service procurement plan for Commonwealth Edison, Ameren, and the portion of MidAmerican Energy load not served by utility-owned generation.
September 12, 2016
Public Service Enterprise Group has officially created a retail electric and natural gas supplier
August 24, 2016
While the District of Columbia Office of People's Counsel continues to support a portfolio management approach to electricity SOS, to the extent the current wholesale load following model is maintained, OPC does support a shorter duration of contracts versus the current contracts
August 12, 2016
The Pennsylvania PUC adopted without modification a settlement among certain parties approving the purchase of Pike County Light & Power (PCL&P) by Corning Natural Gas Holding Corporation that requires the utility to study the use of bilateral contracts and other alternative options for default…
August 1, 2016
Calpine is continuing to "double down" on using its generation to directly serve customers, whether via retail or wholesale supply agreements, rather than using financial hedges, Calpine CEO Thad Hill said on Friday.
June 13, 2016
A settlement among certain parties that would approve the purchase of Pike County Light & Power (PCL&P) by Corning Natural Gas Holding Corporation would require the utility to study the use of bilateral contracts and other alternative options for default service supply
March 11, 2016
The Pennsylvania PUC adopted a final order approving without modification an application from Pike County Light & Power to continue to rely on New York ISO spot market purchases for all default service load for the period June 1, 2016 through May 31, 2018
