December 22, 2015
Incite Energy Acquires Texas-Based Broker-Consultant
Incite Energy, a Houston based energy management and demand response company, announced that it has acquired the assets of Dallas, TX based energy consultant, River Oaks Energy.
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Mergers & Acquisitions (M&A)
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December 21, 2015
Stake in Retail Supplier To Be Sold By Utility
A subsidiary of AGL Resources has informed Piedmont Natural Gas Co. that the AGL Resources subsidiary has elected to purchase Piedmont's entire interest in SouthStar Energy Services LLC, upon the consummation of various transactions under Piedmont's previously reported acquisition by Duke Energy.
December 15, 2015
Blackstone, Private Equity Seek Authorization To Increase Stake in Energy Marketer To 99%
A subsidiary of The Blackstone Group L.P. and a private equity firm have sought approval to increase their ownership of Twin Eagle Resource Management, LLC from 50% to 99%
December 14, 2015
Crius Energy Acquires Book of 75,000 RCEs
Crius Energy Trust announced that Crius Energy, LLC has entered into an asset purchase agreement with Iron Energy LLC d/b/a Kona Energy, a Texas based energy retailer, to acquire customer contracts and associated assets for approximately 75,000 electricity Residential Customer Equivalents in…
December 11, 2015
License Briefs
Texas REP To Drop Unused Trade Name in Series of Certificate Changes
December 10, 2015
Citing "Substantial Transfer of Wealth" Under Proposal, Texas Staff Recommend Rejection of Hunt Companies' Proposed Acquisition of Oncor
Staff of the Public Utility Commission of Texas have recommended that the Commission reject the as-proposed application of various Hunt Consolidated companies to acquire Oncor, citing, among other reasons, "the substantial transfer of wealth from ratepayers to shareholders," that would occur under…
December 10, 2015
Texas Staff: PUC Should Require Oncor, Hunt Companies To File Report On Feasibility Of Consolidating Oncor and Sharyland Utilities
Staff of the Public Utility Commission of Texas have recommended, in testimony concerning the application of various Hunt Consolidated companies to acquire Oncor, that the Commission order Oncor and the Hunt companies to file a report on the feasibility of consolidating Oncor and Sharyland Utilities
December 8, 2015
NextEra Energy Services To Acquire Retail Customer Book
NextEra Energy Services will be acquiring a customer book from Duquesne Light Energy
December 2, 2015
NRG Discloses Price For Pennsylvania, Illinois Power Plant Sales
NRG Energy formally announced the previously reported agreements to sell its 525 MW Seward power plant in New Florence, Pennsylvania and its 352 MW Shelby County power plant in Neoga, Illinois, and disclosed the aggregate purchase price for the sales
December 2, 2015
Retail Supplier Enters Agreement To Be Sold
American Illuminating Company has entered into an agreement to sell its total equity interest to WWCD, LLC or a wholly owned subsidiary/sister company of WWCD, LLC
December 1, 2015
Texas State Rep.: Sharyland Should Lower Rates If It Wants To Buy Oncor, Blasts Backing From Hedge Fund Managers
Texas State Representative Dan Flynn has written the Public Utility Commission raising concerns about the proposed sale of Oncor to various Hunt Consolidated companies, given recent customer rate experiences at Hunt's Sharyland Utilities, suggesting that Sharyland should lower its rates if its…
November 30, 2015
Gexa: Hunt Companies Using Gexa's NextEra Affiliation As "Guise" To Block Discovery
Various Hunt Consolidated companies are using concerns about Gexa Energy's affiliation with NextEra Energy as a, "guise," to block discovery in the Oncor change-in-control proceeding, Gexa alleged in replying to an earlier pleading from the Hunt companies
November 30, 2015
NRG To Sell Pennsylvania Power Plant
NRG Wholesale Generation LP plans to sell its Seward Generating Station, it said in a FERC filing
November 30, 2015
TXU Affiliate Luminant To Acquire Nearly 3,000 MW In ERCOT From Gexa Affiliate NextEra
Luminant has entered into a definitive agreement to acquire generating assets representing 2,988 MW of capacity in the ERCOT market from NextEra Energy Resources, LLC
November 25, 2015
Spark Energy Affiliate To Acquire Customer Book Spanning 20 Markets
National Gas & Electric, LLC, an affiliate of Spark Energy, Inc., has entered into agreements for the purchase of a Northeast retail customer base from an undisclosed seller operating in over twenty gas and power markets.
November 23, 2015
Hunt Companies Allege Gexa Using Its Intervenor Standing in Oncor Change-in-Control Proceeding To Provide Competitively Sensitive Info to NextEra
Ovation Acquisition I, L.L.C., Ovation Acquisition II, L.L.C., and Shary Holdings, L.L.C., the Hunt Consolidated companies which are seeking to purchase Oncor, have alleged in a filing with the Public Utility Commission of Texas that Gexa Energy, "is utilizing its standing as an intervenor to access…
November 23, 2015
Retail Supplier Purchases Customer Book
East Coast Power & Gas has purchased the BluCo Energy customer book from Vantage Commodities.
November 16, 2015
Crius Earnings Higher on Customer Growth; Will Reinvest Cash in Customer Acquisition; Multiple Acquisition Opportunities Still Being Evaluated
Crius Energy Trust reported higher earnings for the three months ended September 30, 2015 due to customer growth, largely driven by its acquisition of TriEagle Energy earlier this year.
November 12, 2015
Spark Energy Reports Earnings Growth on Higher Margins, M&A
For the quarter ended September 30, 2015, Spark Energy, Inc. reported Adjusted EBITDA of $5.6 million on $91.3 million of revenue compared to Adjusted EBITDA of $(4.4) million for the quarter ended September 30, 2014.
November 12, 2015
Retail Supplier to Acquire Energy Management Solutions Provider Panoramic Power
Direct Energy, through its parent company Centrica, agreed to acquire Panoramic Power, a provider of device-level energy management solutions, for $60 million.
November 6, 2015
Pennsylvania Utility With Choice Program To Be Sold
Consolidated Edison, Inc. disclosed in a 10-Q that, in October 2015, upon evaluating strategic alternatives, its Orange & Rockland (O&R) subsidiary entered into an agreement to sell Pike County Light & Power Company to Corning Natural Gas Holding Corporation for $16 million, including estimated…
November 4, 2015
NRG Increases Cost Reduction Program to $250 Million (Includes Retail), Starts Strategic Process To Find Majority Partner For Green Businesses
NRG in reporting earnings today said that it has begun implementation of a company-wide cost reduction program of $150 million across its general and administrative, marketing and development expenses.
October 29, 2015
NextEra Discusses Review of Potential Texas Merchant Power Divestitures
During an earnings call yesterday, NextEra Energy executives discussed their thoughts on their strategic review of merchant power plants in Texas, and more broadly across its entire portfolio, including potential divestiture
October 27, 2015
Parties Seek To Abate Sharyland Smart Meter Proceeding Given Potential Future Affiliation With Oncor (Potential To Leverage Oncor's AMS System)
Staff of the Public Utility Commission of Texas, the Office of the Public Utility Counsel (OPUC), the St. Lawrence Cotton Growers' Association, and the Texas Energy Association for Marketers (joint parties) asked that a proceeding examining the deployment of advanced meters at Sharyland Utilities be…
October 23, 2015
Parent of Retail Supplier To Sell Power Plant in PJM
Talen Energy Corporation announced that it reached an agreement to sell the 399-megawatt C.P. Crane coal-fired power plant in Baltimore, Maryland to an affiliate of Avenue Capital Group.