March 29, 2018
During today's open meeting, the Texas PUC approved the merger of Vistra and Dynegy, and, in doing so, found that the combined firm, without any divestitures, will not exceed the 20% market share limit.
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March 29, 2018
Texas PUC Commissioner Arthur C. D'Andrea in a memo in advance of today's open meeting said that he would exclude from the calculation of the market share of Vistra Energy, as a result of its proposed merger with Dynegy, import capacity over the DC ties
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March 28, 2018
Acquisition Serves To Balance NRG Generation, Load In East, Expands Retail Gas Business NRG CEO: "Need To Start Thinking About NRG Not In Terms Of Megawatts We Own, But In Terms Of Customers We Serve"
During an analyst day yesterday, NRG Energy announced that it would acquire XOOM Energy for $210 million, including working capital and $6 million in transaction costs
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March 27, 2018
Premier Holding Corporation (PRHL) confirmed further details of a Share Exchange Agreement with AOTS 42, Inc., with the exchange including PRHL's subsidiaries The Power Company USA, LLC (TPC), a broker, and American Illuminating Company, LLC (AIC), a retail supplier, with PRHL also confirming that…
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March 27, 2018
Investment Firm Claims Poor Capital Allocation, Cites Debt Of Retail Supplier Holding Company
JCP Investment Management, LLC, a significant unitholder of Crius Energy Trust, issued a letter to the unitholders of Crius in which JCP, "expressed its concerns regarding the Trust’s underperformance and the poor capital allocation decisions under the current leadership team and informed…
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March 26, 2018
According to an 8-K, on March 23, 2018, Premier Holding Corporation ("PRHL") entered into a Share Exchange Agreement (the "Agreement"), with AOTS 42, Inc., a Delaware company ("AOTS"), The Power Company USA, LLC, an Illinois limited liability company ("TPC") and American Illuminating Company, LLC, a…
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March 23, 2018
GenOn Energy, Inc. ('GenOn') announced today that on March 22, 2018, certain of its wholly owned subsidiaries entered into a Purchase and Sale Agreement ('Purchase Agreement') with Stonepeak Kestrel Holdings LLC ('Buyer'), a subsidiary of Stonepeak Infrastructure Partners ('Stonepeak'), pursuant to…
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March 14, 2018
May Potentially Consolidate Rates, Tariffs In Future, Says Instant Application A "First Step"
UGI has sought approval at the Pennsylvania PUC to consolidate its three natural gas utilities (UGI Utilities - Gas Division, UGI Central Penn Gas, and UGI Penn Natural Gas) into a single utility
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March 12, 2018
A Texas ALJ has issued a proposed order concerning Vistra Energy's application to acquire Dynegy that would require the sale of at least one of two Luminant power plants for the transaction to be approved
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March 12, 2018
Company Currently Working On Three International Investment Opportunities
During the company's earnings call last week, Spark Energy CEO Nathan Kroeker said that history suggests that the company will see acquisition opportunities from recent market volatility
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March 9, 2018
Calpine Corporation announced the completion of the previously reported acquisition of Calpine by an affiliate of Energy Capital Partners and a consortium of other investors, including Access Industries Inc. and Canada Pension Plan Investment Board (CPPIB).
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March 9, 2018
Crius Also Invests In U.K. Retail Energy Business Reports Higher Earnings, Lower Customer Count
In reporting fourth quarter and full year 2017 earnings, Crius Energy Trust announced it, "purchased the customer contracts and associated assets of approximately 18,000 residential electric customers in Illinois, Ohio, New Jersey and Pennsylvania from a California-based energy retailer for $4.3…
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March 8, 2018
The Public Utility Commission of Texas today approved an uncontested stipulation which approves Sempra's acquisition of Oncor
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March 8, 2018
Retains Financial Advisor To, "Explore Strategic Alternatives" Spark Announces Record Earnings
Note: This story was first published at 6:15 pm on March 8 with an alert to our email alert subscribers. Updated on March 9 With Financial Results
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March 5, 2018
ENGIE North America Inc. today announced that it has signed an agreement to acquire SoCore Energy, a fully-integrated developer, owner, and operator of municipal/co-op solar, community solar, and commercial and industrial (C&I) solar projects with a footprint across the United States.
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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.
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March 1, 2018
After Share Buybacks, Capital Allocation Focus Will Be On Attractive Acquisitions In Retail NRG Reports Retail Customer Growth NRG To Sell Boston Energy Trading and Marketing LLC
Records $1.2 Billion Impairment Related To South Texas Project Nuclear Plant, On Outlook For Future Commodity Prices
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February 28, 2018
Platinum Equity announced that it has signed a definitive agreement to acquire GenOn’s Hunterstown power generation facility and related assets in a transaction valued at approximately $520 million.
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February 28, 2018
BillFixers, LLC, which provides a bill negotiation and savings service to consumers, has acquired energy shopping service ReallyObjective.
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February 27, 2018
Vistra Reports Retail Customer Count, Change
In discussing earnings for the year 2017 (see story here on results) , Vistra Energy CEO Curt Morgan said that retail acquisitions remain a top potential use for capital after Vistra closes on the acquisition of Dynegy
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February 26, 2018
ENGIE North America Inc. recently announced that it had acquired Infinity Renewables, a developer of utility-scale wind projects in the United States.
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February 26, 2018
HIKO Energy, LLC has notified the Public Utilities Regulatory Authority that it will undergo a change of control in early March 2018, whereby Spark Holdco, LLC, the parent company of Spark Energy, LLC (Spark) will acquire 100% of the membership interest in HIKO, thereby effecting a change of control…
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February 15, 2018
This story was first published on February 15, with an alert to our email alert subscribers
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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
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February 7, 2018
NRG Energy, Inc. and Global Infrastructure Partners (GIP) have entered into a Purchase Agreement for GIP to purchase NRG's ownership in NRG Yield and NRG's Renewables Platform for cash proceeds of $1.375 billion, subject to certain adjustments.
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