May 17, 2019
During an earnings call, in discussing reduced bad debt expense in the fourth fiscal quarter of 2019, Just Energy executives said that the company has taken actions to align credit scores in the proper channels to be at the optimal value
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April 11, 2019
Says Must Move "Expeditiously" On Recommendations Report Has Proposed New Definitions For "Default", "Material Adverse Change"
Has Proposed Heightened Scrutiny Of New Market Participants, Background Checks Of Officers Of Non-Public Companies
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March 26, 2019
Proposes Heightened Scrutiny Of New Market Participants, Background Checks Of Officers Of Non-Public Companies
PJM has released a report prepared by expert consultants retained by the Special Committee formed by the Board of Managers of PJM Interconnection, LLC to conduct a review of the GreenHat Energy default.
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February 1, 2019
Says Order Adds Up To $300 Million In Default Allocation To Members
PJM in a January 31 market notice said that FERC's denial of a waiver related to the liquidation of certain Financial Transmission Rights will likely place a number of members in breach of their collateral requirements under PJM’s credit policy.
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October 9, 2018
Just Energy Group Inc. announced that it has entered into a Multi-Year Contingent Business Interruption Insurance Agreement
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July 30, 2018
PJM Interconnection, L.L.C. filed tariff revisions at FERC which it said are designed to, "limit potential credit exposure of PJM Members with Financial Transmission Rights ('FTR') portfolios, i.e. FTR Holders, that have little to no credit requirement relative to the megawatt-hour ('MWh') volume of…
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July 23, 2018
Citigroup Energy, Inc. has sponsored and filed with ERCOT Nodal Protocol Revision Request (NPRR) 887 which would create a new Market Information System (MIS) Certified Area posting which it said would provide insight to the potential risk associated with default uplift charges to each Counter-Party…
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July 17, 2018
Utility Also Adopted New Collateral Requirement Formula Increasing Costs To Suppliers
In testimony in a Dayton Power & Light rate case, IGS Energy submitted testimony that Dayton Power & Light recently increased its credit requirements for retail suppliers, with IGS's witness alleging that DP&L also made a "unilateral" change to the remedy period.
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June 28, 2018
The Pennsylvania PUC denied a request for reconsideration from FirstEnergy Solutions (FES) which had sought reconsideration of a Secretarial Letter issued on April 18, 2018, by the Commission’s Bureau of Technical Utility Services (TUS or Staff), which had raised FES's financial security level from…
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June 11, 2018
The joint New York utilities have urged the New York PSC to not delay the ongoing expedited process for entering new Data Security Agreements (DSAs) and Vendor Risk Assessments (VRAs) with ESCOs and EDI vendors by imposing new timelines or proceedings that delay, "this vital effort."
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May 21, 2018
"I'm a big believer that community choice aggregation is the wave of the future," for mass market customers, Michael Fallquist, Chief Executive Officer at Crius Energy, told attendees at DNV GL's Energy Executive Forum which was held last week
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May 17, 2018
Says Pricing Power Returning In ERCOT, As Competitors Pull Back Due To Expected Summer Volatility Will Be More Aggressive In Passing Through To Customers More Unhedgeable Capacity, Ancillary Costs
If ERCOT this summer sees the volatility that the market is worried about right now, "you're going to see everybody's book at risk if they're not hedged, naturally or through weather structures like us," Just Energy’s CEO Pat McCullough said during an earnings call
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May 17, 2018
Records Third Consecutive Quarter Of Customer Growth
Just Energy reported results for the three months ended March 31, 2018 (fourth quarter of fiscal 2018).
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March 30, 2018
Commissioners Concerned Lockbox Agreements May Not Protect Market From Financial Impacts Of REP Defaults
Note: an earlier version of this story was first posted at 11:30 am on March 29, with an alert to our email alert subscribers
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February 22, 2018
Adjusted Operating Profit, Gross Margin Up For North America Home Business Centrica Enters "Retail Partnerships" To Expand North America Home Sales Channels
Centrica's North America Business (C&I) segment delivered a, "poor financial result," in the second half of 2017, Centrica said in reporting preliminary results for the year ending December 31, 2017, due to increased competitive intensity and changes in market structure and input costs, including…
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February 8, 2018
Exelon CEO Says Starting To Hear Others Feeling "Pain" Of Recent Months Reports Others Increasing Pass-Throughs In Retail Contracts
During an Exelon earnings call yesterday, Joseph Nigro, CEO of Constellation, said that it was too early to determine what, if any, impacts recent cold snaps would have on the competitive intensity in the retail business, but did report on two behaviors Constellation is seeing the market.
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February 6, 2018
Says Bad Debt From Proposal Could Approach $160 Million Annually
In comments to the Public Utility Commission of Texas, the Alliance for Retail Markets said that it is, "extremely concerned" about the proposal to give all residential customers and applicants the option to pay a security deposit greater than $50 in two equal installments.
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February 2, 2018
The solicitation of long-term utility contracts under a specific section of statute has not produced ratepayer benefits, the Maine PUC said in a conclusion regarding a notice of inquiry
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January 22, 2018
Update, 1/23: AmericaWide Energy LLC has issued the following statement:
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November 3, 2017
Unlike Run-up To Power Vortex, Says Retail Margins Still Within Historic Range Despite Competitive Intensity Expects Opportunities To Acquire Retail Competitors When Volatility Returns
Constellation is seeing lower renewal rates for its retail electricity business as competitors "misprice" risk, Exelon executives said yesterday during an earnings call
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October 26, 2017
Asks How Oncor Will Be "Insulated" From Attempts By Calif. Lawmakers To Influence Oncor Policies, Practices
Texas PUC Commissioner Kenneth Anderson issued a memo in advance of today's open meeting concerning Sempra Energy's proposed acquisition of Oncor which outlines several concerns regarding Sempra's debt and credit ratings, which Anderson said should be addressed as the Commission adjudicates the…
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September 1, 2017
Additional Proposals Meant To Spur Competition Include Virtual Releases Of Reliability Assets, Changes To Imbalance, Penalty Rules
The Pennsylvania PUC issued an advanced notice of proposed rulemaking addressing several proposed operational changes in the retail natural gas market aimed at removing barriers to retail choice.
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April 14, 2017
As first reported by EnergyChoiceMatters.com yesterday morning , the Texas PUC yesterday formally adopted an order denying NextEra Energy, Inc.'s proposed acquisition of Oncor, and a written order was issued yesterday (Docket 46238)
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April 13, 2017
Commission Advising has filed with the Public Utility Commission of Texas a draft order that would deny NextEra Energy, Inc.'s proposed acquisition of Oncor, which will be considered at today's open meeting
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January 19, 2017
PUCT Staff Cites Concerns From Risks of NextEra's Non-Regulated Businesses, Transaction Debt
Staff of the Public Utility Commission of Texas have filed testimony stating that NextEra Energy's proposed acquisition of Oncor is, "not in the public interest without making substantive changes and additions to the applicants' proposed commitments," as Staff cited concerns regarding the risks from…
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