Amigo Energy

Founded in 2003, Amigo Energy is an electric utility seller in Texas. Amigo Energy is a subsidiary of Just Energy Group Inc., a publicly traded company (TSX:JE) with 1.8 million active customers across North America.[1]

Amigo Energy
TypePrivate, subsidiary of Just Energy Group
IndustryElectricity
Founded2003 (2003)
Headquarters
Houston, Texas
,
United States
Area served
Texas
ServicesRetail electricity services
ParentFulcrum Retail Holdings
Websitewww.amigoenergy.com

History

Amigo Energy was founded in 2003.

In May, 2007 the company merged with Fulcrum Power Services which subsequently acquired Tara Energy.[2]

In August 2007, Amigo signed a four-year, $7.5 million sponsorship agreement for Amigo Energy to become the jersey sponsor for the Houston Dynamo, a Major League Soccer team.[3]

In August 2011, Fulcrum, including its subsidiary Amigo, was acquired by Canadian firm Just Energy.[4]

Industry

Amigo Energy is an electricity retailer that operates as one of 71 independent power marketers participating in deregulation of the Texas electricity market. Amigo ranks as the 17th largest power marketer by number of consumers according to a 2009 U.S. Energy Information Administration report.[5] Texas began the process of deregulation in 2002.[6] The Public Utility Commission of Texas (PUCT) enforces customer protection laws for the citizens of Texas and provides access to consumer information.

References
  1. Amigo Energy "About Us", 2012-03-13
  2. "Amigo Energy and Tara Now Under One Umbrella" Houston Chronicle
  3. Dynamo sports soccer sombrero as Amigo Energy sponsors team, August 26, 2007
  4. Just Energy to Buy Fulcrum's Retail Electricity Business in $79M Deal, 2011-08-25
  5. U.S. Energy Information Administration, "Class of Ownership, Number of Consumers, Sales, Revenue, and Average Retail Price by State and Utility: All Sectors", 2009
  6. State of Texas Electric Utility Restructuring Legislative Oversight Committee, September 29, 2004, archived from the original on 2006-01-13, retrieved 2011-09-15
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