September 7, 2023
Retail Supplier Selling Customer Book
A retail energy supplier is in the process of…
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Mergers & Acquisitions (M&A)
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September 5, 2023
Parent To Sell Utility With Significant Gas Choice Program, Migration For $4.3 Billion
The parent of a utility announced…
August 31, 2023
Settlement Reached Among Major Parties To Allow FirstEnergy To Consolidate Pennsylvania Distribution Companies Into Single Utility; Includes Changes To Supplier Tariff
Met-Ed, Penelec, Penn Power, and West Penn Power have reached a settlement with several parties, including the Office of Consumer Advocate and industrial customers, which would approve various transactions which would merge Met-Ed, Penelec, Penn Power, and West Penn Power into a single distribution…
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 30, 2023
PE-Backed Firm Acquires Retail Energy Broker
Tango, which is described as a provider of cloud-based real estate and facilities management software, has acquired WatchWire, formerly known as Energy Watch LLC, which, among other services, is a retail energy broker in various markets
August 29, 2023
Update: Broker Formally Announces Acquisition, Number Of Clients Disclosed
Priority Power Management today formally announced that it has acquired the business of Atlas Retail Energy ("Atlas"), which had been exclusively first reported by EnergyChoiceMatters.com on Aug. 3 .
August 24, 2023
Retail Supplier Parent Acquires Energy Storage Developer In Transaction Representing In Excess Of $1 Billion Equity Value
ENGIE announced that it has signed a binding agreement for the acquisition of 100% of Broad Reach Power, a company specialized in battery storage and based in Houston, from the EnCap Energy Transition Fund I, its co-investment partners Yorktown Partners and Mercuria Energy, and infrastructure funds…
August 17, 2023
Update #2, Amount Of RCEs At Close Reported
NRG Acquires Texas Customer Book
AEG Financial and Texpo provided further information concerning NRG Energy's acquisition of a book of Texas retail electric customers from Texpo Power, L.P.
August 17, 2023
Retail Supplier's Sister Company Acquires Natural Gas & Oil Wells
BoCor Holdings LLC (sister company of Advantage Energy Partners, which acts as a retail natural gas supplier and offers various other services including electricity procurement consulting) announced the purchase of, "a significant package of natural gas and oil wells from Bobcat Energy Resources…
August 16, 2023
AEP Completes Sale Of Unregulated Renewables Assets
American Electric Power (AEP) has completed the previously reported sale of its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition Holdings, a partnership owned by Invenergy, CDPQ and funds managed by Blackstone Infrastructure, at an enterprise value of $1.5 billion…
August 11, 2023
News Release:
AEG Affiliated Energy Group Reports Financial Closing Of 6 M&A Deals In Past 10 Months Notes "Increased Tensions Between REPs And Their Wholesale Supply Financing Sources" August 11, 2023 Email This Story
August 4, 2023
Update #2: Retail Supplier Acquires Customer Book
The customer book that Clearview Electric Inc. acquired from EnerPenn USA, LLC also included electric customers in New Jersey
August 4, 2023
Update #2: Retail Supplier Acquires Customer Book
The customer book that Clearview Electric Inc. acquired from EnerPenn USA, LLC also included electric customers in New Jersey
August 3, 2023
Energy Management & Consulting Firm Acquires Energy Procurement Firm
Priority Power Management has acquired Atlas Retail Energy, an energy procurement business in the Northeast serving customers across the U.S., from Iapetus Holdings.
August 1, 2023
Texas Muni Utilities Seek To Stop Sale Of STP Nuclear Plant Ownership Share Among Retail Supplier Parents
As previously reported, on May 31, 2023, NRG Energy, Inc. ('NRG'), through Texas Genco GP and Texas Genco LP, (collectively the 'Seller') entered into an Equity Purchase agreement pursuant to which Constellation Energy Generation, LLC ('Constellation') agreed to purchase all of the Seller’s equity…
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 27, 2023
Energy Management Company Acquires Broker-Consultant
Broker Affiliated Power Purchasers International, LLC was recently acquired by energy management company Environ Energy LLC.
July 27, 2023
Texas Retail Provider Sells Part Of Customer Book
Energy Texas recently sold what it publicly described as "a small subset of customers" to BKV Energy in what Energy Texas publicly described as, "part of a divestiture of a specific line of business."
July 25, 2023
European Developer Acquires 280 MW ERCOT Storage Project (First U.S. Acquisition)
Corre Energy B.V., announced today that its North American subsidiary, Corre Energy US Development Company LLC, has entered into an exclusive agreement to acquire a 280-megawatt (MW) / 4.2 gigawatt-hour (GWh) energy storage project from Contour Energy, a Texas-based energy storage infrastructure…
July 24, 2023
Elliott Seeks To Purchase Up To 20% Of NRG Common Stock
Elliott Associates, L.P. ('EALP'), Elliott International, L.P. ('EILP') and The Liverpool Limited Partnership ('Liverpool' and, together with EALP and EILP, the 'Elliott Applicants') filed at FERC for approval to purchase, directly or indirectly through subsidiaries, in market transactions, up to…
July 14, 2023
PE Firm Acquires Retail Energy Broker
ScaleCo Capital Management announced that, TPI Efficiency, a ScaleCo Fund IV Company, acquired the electricity and natural gas broker business of Greenstar Solutions, LLC.
July 11, 2023
Affiliate Of Texas Retail Provider Purchases Second Natural Gas Power Plant In ERCOT
BKV-BPP Power, LLC, a joint venture between BKV Corporation (BKV) and Banpu Power US Corporation, announced today that it has closed on the purchase, through its subsidiary Temple Generation Intermediate Holdings II, LLC, of the entity that owns the Temple II natural gas-fueled power plant, located…
July 6, 2023
Retail Supplier Launches Sale Process, After Court Approval
Planet Energy Ontario (PE Ontario), a Toronto-based retail electricity and natural gas supplier serving residential and commercial customers, today announced, through KSV Restructuring Inc., a court-appointed Interim Receiver, the commencement of a sale process for its business and assets.
July 5, 2023
Duke Energy Announces Buyer, Sale Price For Commercial Distributed Generation Business
Duke Energy today announced that it has reached an agreement to sell its commercial distributed generation business to an affiliate of ArcLight Capital Partners, LLC (collectively, "ArcLight") for an enterprise value of $364 million, inclusive of non-controlling tax equity interests.
June 30, 2023
Retail Supplier Running Sale Process
A PJM-focused retail energy supplier is currently running a sale process.