Clay Adams

Wednesday, September 18th, 2013

If you were asked to describe some of Google’s business operations, you’d probably place ‘electricity supplier’ pretty low on the list. But the search giant is nevertheless beginning to show all the hallmarks of an energy broker. Just yesterday, the big G has announced plans to purchase the bulk of the power produced by a…

Wednesday, September 11th, 2013

An unsettling report predicting the imminent bankruptcy of the Dallas-based electricity titan, Energy Future Holdings (EFH), is sending shockwaves through the energy and investment industries this week. The report, released Monday by Moody’s, one of the nation’s flagship credit rating agencies, projects such a filing will likely rank among the country’s top 10 “largest nonfinancial…

Thursday, August 29th, 2013

GERMANY — Reports from energy industry channels in Europe today indicate that German-based power production giant, RWE, will shutter at least one of its fossil-fuel based electricity generation plants. Having endured major profit losses while watching surplus energy supplies swell, RWE cites a growing renewable energy trend as the culprit. In the past year, solar…

Wednesday, August 28th, 2013

Only a few short weeks following Direct Energy’s recent purchase of retail electric provider Bounce Energy, the firm is again plunking down the big bucks on another acquisition. This time, Hess Gas and Power Marketing will join the Direct Energy ranks with a price tag of $731 million. Hess Energy is a New Jersey based…

Friday, July 12th, 2013

Retail energy services giant Direct Energy announced today it has reached an agreement with Bounce Energy to acquire the company for $46 million, along with additional working capital. The acquisition stands to bolster Direct Energy’s leadership position as the largest retail energy services provider in North America, operating within six Canadian provinces and 46 states…