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 > Crius Energy Signals Cost Reductions Will Exceed Targets

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Comment by predawnon Sep 17, 2018 7:02pm

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Post# 28635978

RE:RE:RE:RE:Crius Energy Signals Cost Reductions Will Exceed Targets

go read what I read it brings in over 9 million per year and looses 12 so only a net loss of 3 million;;; peanuts in the big scheme ;;;;;

deisman03 wrote:
It was a "small equation" to purchase. If I remember correctly, it bleeds close to a million dollars per month.

Solar was a POLITICAL purchase. They bought it CHEAP because it was already losing money. They also accumulated its debt obligations as well as contractual obligations to maintain the equipment they sold.

At the time they purchased Solar, some of the states they operate in were obligated by law to purchase any EXTRA electricity generated by the privately owned panels. Supposedly the power was fed back into the passing grid if available. Not sure what that entailed. It would need to convert Direct Current to Alternating Current.

What seems to have escaped Crius management at the time was that several law suits were already in place, by other generators, to have the current subsidy given to solar installations removed and to eliminate the mandatory purchase of their excess electricity.

SOLAR LOST and has been slowly bleeding out ever since.

GLTA the good folks here.