Commerce Energy Sells Texas Retail Electric Business for $14.8 Million

Commerce Energy Group, Inc. said that its principal operating subsidiary, Commerce Energy, Inc., sold all of its retail electric service contracts in Texas to Ambit Energy, LP (Ambit), for an estimated $14.8 million. The purchase price includes $8.5 million in cash received on closing, a second payment of $2.7 million, reduced by customer deposits and... 

Former U.S. Under Secretary of Commerce Kenneth I. Juster to Advise Sunovia Energy Technologies

Sunovia Energy Technologies, Inc. announced that former U.S. Under Secretary of Commerce Kenneth I. Juster has agreed to serve as a senior advisor on the company’s advisory board. Under Secretary Juster will provide strategic counseling and assistance on a range of issues relating to public policy and international commerce. Sunovia, an early-stage... 

Commerce Energy Recognizes Advisor on Bridge Financing

Commerce Energy Group, Inc., a leading U.S. electricity and natural gas marketing company, today announced that Jesup & Lamont’s San Francisco investment banking division acted as the advisor and placement agent in connection with the bridge financing announced August 21, 2008. “Jesup & Lamont played a critical role in helping us secure... 

Atmos Energy Corporation Names Ruben E. Esquivel to Board of Directors

Atmos Energy Corporation said that Ruben E. Esquivel has been elected to its board of directors as a Class I director. His election, effective September 1, 2008, will increase the size of the natural gas distribution company’s board to 14 directors. Esquivel will join the Board’s Audit Committee and Human Resources Committee. Esquivel, 65, has been...