Crius Energy Trust Tr Unit CRIUF

Utilities Utilities - Diversified

"Crius Energy Trust through its subsidiaries is engaged in the sale of electricity and natural gas to residential and commercial customers under variable price and fixed-price contracts. The company, through its subsidiaries, also markets solar products to its existing customers as well as to new prospects. It provides retail electricity to its customers in the Connecticut, Delaware, District of Columbia, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsy

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Crius Energy Trust Tr Unit

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Comment by nicholason Apr 06, 2015 11:04pm

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Post# 23602770

RE:Slippery slope???

This is good news actually, and not to be understood as debt for the company itself.

Crius now has 800k customers and a good amount of them are on a fixed price contract. Since Crius usually hedge in advance for the whole duration of the term, it is normal for them to require the services of a counterparty facility (Macquarie).

I'm not sure how they hedge their variable rate though. I guess that's why I'm not a energy trader.

The point is that Crius is getting bigger, thus it's normal for them to get a better deal on their hedges from the bank.

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