September 5, 2017
Parent of Retail Supplier, Utilities Acquires Retail Energy Marketing Company
UGI Corporation announced today that it has acquired Dutch energy marketer DVEP Investeringen B.V. (DVEP).
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Mergers & Acquisitions (M&A)
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August 24, 2017
Texas PUC's Anderson Requests Oncor CEO Appear At Open Meeting To Discuss Structure, Timing of Proposed Change-in-Control, Current Financial Condition
Texas PUC Commissioner Kenneth Anderson sent a letter to Oncor CEO Robert Shapard inviting Shapard, as well as Oncor's Chairman of the Board, Jim Adams, or another board member, to attend the PUC's August 31 open meeting to discuss various issues related to Oncor's proposed change-in-control and…
August 22, 2017
Transaction Under Which Parent Of Retail Supplier Will Acquire Energy Services Company Will Now Also Include Affiliated Solar, Microgrid Developer
ONEnergy Inc. ("ONEnergy" or the "Corporation") and OZZ Electric Inc. ("OZZ") provided an update on their proposed transaction.
August 21, 2017
California Utility Holding Company Reaches Agreement To Acquire Texas Utility Oncor, Edging Out Berkshire Hathaway Energy
Sempra Energy today announced an agreement to acquire Energy Future Holdings Corp., the indirect owner of 80 percent of Oncor Electric Delivery Company, LLC
August 19, 2017
Calpine, Parent of Retail Suppliers, Agrees To Be Acquired By Investor Consortium
Calpine Corporation today announced that it has entered into a definitive agreement under which Energy Capital Partners (Energy Capital or ECP), along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board, will acquire Calpine for $15.25 per share in cash…
August 18, 2017
Texas PUC's Anderson Reiterates Concern Over Potential Transactions For Oncor Which Would Continue Material Debt Above Oncor
During yesterday's open meeting, Texas PUC Commissioner Kenneth Anderson reiterated his concerns about debt levels above Oncor in any potential transaction to acquire Oncor.
August 18, 2017
Calpine, Parent of Retail Suppliers, Agrees To Be Acquired By Investor Consortium
Calpine Corporation today announced that it has entered into a definitive agreement under which Energy Capital Partners (Energy Capital or ECP), along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board, will acquire Calpine for $15.25 per share in cash…
August 15, 2017
Crius Energy Acquires Another Retail Supply Book
Crius Energy announced today that in July 2017 it acquired a 100% equity interest in Big Sky Gas, a natural gas marketing business with approximately 4,000 customers based in Montana.
August 14, 2017
Genie Energy Acquires Retail Supplier
Genie Energy Ltd today announced that its Genie Retail Energy division has acquired Mirabito Natural Gas, a Ft. Lauderdale, Florida-based natural gas supplier, from Angus Energy for $3 million plus Mirabito's working capital.
August 10, 2017
Just Energy Purchases, Launches Energy Efficiency, LED Retrofit Business
In an earnings call this morning, Just Energy said that it has purchased and launched a start-up B2B energy efficiency and LED retrofitting business
August 10, 2017
Constellation Acquiring Retail Customer Book
Constellation NewEnergy, Inc. is to acquire Aspirity Energy, LLC's retail customers, under a settlement filed in Aspirity Energy, LLC's bankruptcy proceeding.
August 9, 2017
Wind Investors Seek Certified Question To Texas PUC Concerning Whether Approval Needed For Passive Transfers Of Interests In Generation
Several wind investors have, in separate applications raising the same question, sought to certify to the Texas PUC the question of whether transactions in which only passive interests in a generator are transferred, and in which there is no transfer of any ability for the investors to manage or…
August 9, 2017
Chesapeake Utilities Retail Supplier Acquires Retail Book
Peninsula Energy Services Company (PESCO), a subsidiary of Chesapeake Utilities Corporation, acquired on August 1 certain commercial and industrial marketing assets -- specifically located in Western Pennsylvania -- from ARM Energy Management, LLC (AEM), a subsidiary of ARM Energy.
August 8, 2017
IGS Energy Acquires Book of Customers
Interstate Gas Supply (IGS Energy) is acquiring a book of mass market customers from Talen Energy, which is exiting the residential and small business retail market
August 7, 2017
Dynegy Reiterates Conditions Required To Pursue Inorganic Retail Acquisitions
During an earnings call on Friday, Dynegy CEO Robert Flexon reiterated that, while the company will look at opportunistic retail acquisitions, any such acquisitions would be conditioned on not impeding its deleveraging, and would need to be accretive to shareholders
August 7, 2017
Smart Meters To Be Deployed To Former Sharyland Customers Under Proposed Oncor Acquisition
Sharyland Utilities, L.P., Sharyland Distribution & Transmission Services, L.L.C., and Oncor Electric Delivery Company LLC have filed at the Texas PUC for approval of the previously reported stipulated plan, agreed to by a group of stakeholders, for Oncor to acquire Sharyland's retail distribution…
August 7, 2017
Spark Energy Reports Only A Small Amount of Customer Base Subject To NY PSC Low-Income Ban
CEO Sees Multiples Increasing For Retail Acquisition Valuations
During an earnings call on Friday, Spark Energy disclosed that only a relatively small amount of its customer base is subject to the New York PSC's prohibition on ESCO service to low-income customers (absent a PSC-approved waiver for a guaranteed savings product)
August 7, 2017
Vistra Execs Address Sticky, Industry-Leading Retail Margins, Customer Segmentation
Vistra Reiterates View On M&A, Not "Compelled" To Seek Assets Outside Of ERCOT
During an earnings call on Friday, executives at Vistra Energy, the parent of TXU and Luminant, discussed retail margins and customer segmentation
August 4, 2017
Spark Energy, Inc. Reports Record Adjusted EBITDA
Spark Energy, Inc. reported that for the quarter ended June 30, 2017, the company posted record Adjusted EBITDA of $20.0 million compared to Adjusted EBITDA of $15.7 million for the quarter ended June 30, 2016.
August 3, 2017
Exelon CEO On Retail: "We Don't Need To Chase Volume, We Chase Margin"
Execs Talk Retail M&A, Segmentation Focus
During an earnings call, Exelon executives discussed their retail strategy and position.
August 2, 2017
Just Energy Group Announces Deal with Joint Venture Partner to End Exclusivity of Just Energy Brand Online Sales in North America
Just Energy Group Inc. announced that it has reached an agreement with its joint venture partner, Red Ventures LLC, to end the exclusive relationship for online sales of the Just Energy brand in North America.
July 28, 2017
Calpine Confirms Discussions Regarding Potential Sale Of Company
In reporting earnings this morning, Calpine confirmed that its Board of Directors and management are in discussions regarding a potential sale of Calpine
July 26, 2017
Mercuria To Acquire U.S. Power, Gas Marketing Business
Noble Group announced that it would sell its U.S. wholesale marketing and trading business Noble Americas Gas and Power Corp. (NAGP) to Mercuria Energy America, Inc.
July 24, 2017
Sharyland Retail Customers To Become Oncor Customers, Served Under Oncor Tariff, Under Proposed Asset Swap
Oncor Electric Delivery Company LLC has announced an agreement with Sharyland Utilities, L.P. ("Sharyland") and Sharyland Distribution & Transmission Services, L.L.C. ("SDTS") to swap assets in a transaction valued at approximately $400 million.
July 19, 2017
Retail Supplier Confirms Identity of Purchaser For Residential Book
Beyond Power, a trade name of Source Power & Gas LLC used in Texas, has updated its website to confirm that it transitioned its residential customers to, as stated on its website, Cirro Energy during May and June, and that Beyond Power no longer serves residential customers