GREY:CRIUF - Post by User
Comment by
Kisuon Aug 15, 2017 3:24pm
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Post# 26584447
RE:The Sell off
RE:The Sell offActually they had a net gain in customers but the losses were in the commercial sector which would use more power. The 375,000 customers (RCE) that they gained from the purchase of US Gas and Electric do not appear to have been included as they claimed only the addition of 174,000 and loss of 147,000 customers (net 25,000 gain) for the quarter. The deal also closed outside the quarter so should not have been used and will add a substantial number for Q3. What is not stated is what the RCE values are and since the lost customers were high in the commercial sector, net customer gain could be an RCE loss. That is problem when differing units are used from one news release to another. Crius should have stated explicitly whether the US Gas and Electric customers were included.