Tag: Energy Retail
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Sunoco completes cash-and-stock deal to buy Parkland
Sunoco completes multi‑billion takeover of Parkland Sunoco LP has finalized its long‑planned acquisition of Parkland Corp., marking a major consolidation in the North American energy and convenience store sector. The deal, valued at US$9.1 billion when announced and inclusive of assumed debt, closes after months of regulatory scrutiny and market anticipation. The completion signals a…
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WA Energy Regulator Flags Potential Wider Overcharges After $40 Million Synergy Blunder
Overview: A Major Wake-Up Call for WA Energy Retailers The Economic Regulation Authority of Western Australia (ERAWA) has revealed a serious governance lapse within Synergy, the state’s largest energy retailer, following a $40 million overcharging incident. The watchdog warns this may not be an isolated case and that other energy retailers could have charged customers…