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September 25, 2018
Pure Energy LLC announced that it has entered into a binding agreement with Tradewind Energy, Inc. to facilitate and assist in the negotiation of a transaction agreement to potentially acquire over 2,000 megawatts of utility scale solar projects in ERCOT
September 24, 2018
-- Forms Strategic Partnership To Offer Comprehensive Suite To C&I Customers
EDF Renewables North America and EnterSolar, a provider of distributed generation solar solutions to corporate commercial and industrial (C&I) customers, announced a strategic partnership whereby EDF Renewables will acquire a 50 percent interest in EnterSolar, under which the companies will offer…
September 21, 2018
Adopted Stipulation Addresses Other Retail Choice Issues As Well
The Pennsylvania PUC conditionally adopted a settlement which approves the merger of the three individual UGI natural gas utilities into a single utility
September 20, 2018
In adopting final new rules applicable to natural gas supplier licensing, the District of Columbia PSC said that natural gas supplier licenses may not be transferred, and opined on how any purchase of customer books should be executed in light of this finding.
September 18, 2018
Note: This story was first published the morning of Sept. 18 with an alert to our email subscribers
September 13, 2018
Just Energy Group Inc. ("Just Energy" or the "Company") announced that it has entered into a US$250 million (approximately C$325 million equivalent) non-revolving multi-draw senior unsecured term loan facility (the "Loan') with Sagard Credit Partners, LP (SCP) and certain funds managed by a leading…
September 11, 2018
AltaGas Ltd. announced that it has entered into definitive agreements for the sale of non-core midstream and power assets in Canada, including its Canadian C&I retail supply business, and power assets in the United States, for total proceeds of approximately $560 million (all $ Canadian unless…
September 10, 2018
-- Strategic acquisition advances Just Energy’s transformation to a value-added consumer products provider
September 7, 2018
In recently reporting earnings, ERM Power Limited said that a sale process for its U.S. business Source Power & Gas, "is well advanced."
September 6, 2018
Genie Energy Ltd., the ultimate parent of IDT Energy and various other retail energy brands, announced that, "it has substantially completed its strategic transition to a retail energy provider model with an investment in a domestic solar energy company and sale of a stake in its Israel-based…
September 5, 2018
Centrica plc has announced the acquisition of Vista Solar, a California-based solar engineering, procurement and construction (EPC) company.
September 2, 2018
Note: This story was first published on Sept. 2 with an alert to our email subscribers
August 29, 2018
FirstEnergy Solutions informed a bankruptcy court that it did not receive any qualified bids (other than the qualified bid submitted by the Stalking Horse Purchaser, which is Constellation) for its retail customer book prior to a bid deadline.
August 13, 2018
Purchase Price For Retail Book Acquisition Disclosed Will Divest Solar Business
Crius Energy reported Adjusted EBITDA of $16.0 million for quarter ending June 30, 2018 (second quarter of 2018), an increase from $14.1 million achieved in the second quarter of 2017, with the increase driven by the contribution from the previously acquired USG&E business.
August 7, 2018
Linde Energy Services, Inc. (LESI), which acts as a retail supplier serving its own load in several states and also, "serves a limited number of non-affiliated customers," sought FERC approval of a sale under which it would ultimately fall under the ownership of a new unaffiliated third-party…
August 6, 2018
During an earnings call on Friday, Nathan Kroeker, Spark Energy's President and Chief Executive Officer, provided an update on the company's previously announced strategic review, stating, "Following our strategic review, our executive team and Board of Directors believe the best way to deliver long…
August 6, 2018
Vistra Retail Earnings Lifted By Texas Open To Retail Acquisitions, But "Picky"
Vistra Energy, the parent of TXU and Dynegy among other businesses, said that its second quarter adjusted EBITDA exceeded expectations as a result of higher realized prices, lower than forecast operations and maintenance expenses, and strong ERCOT retail performance that was offset by higher power…
August 3, 2018
During an Exelon earnings call yesterday, James McHugh, CEO of Constellation, discussed the company's approach to potential retail acquisitions in ERCOT given summer volatility
August 2, 2018
Discussing second quarter earnings this morning, Mauricio Gutierrez, NRG Energy's President and Chief Executive Officer, said that NRG's Retail business had a "phenomenal" quarter, and said that the business is "always" looking to acquire retail books.
August 1, 2018
EnergyWatch, LLC ("EW"), a firm which offers energy supply procurement consulting services in addition to a variety of energy data analytics and management, announced that it has received an investment from a new equity partner.
August 1, 2018
Dalkia, a subsidiary of the EDF Group (which also owns retail supplier EDF Energy Services, LLC), has acquired Aegis Energy Services, a company which designs, installs and operates small-scale gas fired Combined Heat & Power (CHP) systems in the Northeastern and Mid-Atlantic United States.
July 31, 2018
Centrica, the parent of Direct Energy, reported that, in July, it acquired a portion of BP’s US retail marketing operation, which supplies around 100bcf of gas per year to customers in Indiana, Kentucky, Tennessee and Ohio.
July 30, 2018
Note: The following story was first posted at 5:40 p.m. on July 30, with an alert to our email subscribers
July 30, 2018
Two Texas retail electric providers are transitioning customers to a retail provider owned by NRG Energy.
July 10, 2018
Agreement Is Stalking Horse, Opportunity For Other Bidders
Note: This story was first published the evening of July 10 with an alert to our email subscribers
