- Business
- Commerce Energy Group, Inc. (CMNR) provides electric power and natural gas supply services to residential, commercial, industrial, and institutional customers through its subsidiaries. The company offers fixed and variable electricity and natural gas products, which are generally metered and delivered by local utilities; it also provides energy consulting and outsourcing services to utilities, electricity generators, natural gas pipelines, wholesale energy merchants, energy technology providers, and financial institutions. Commerce Energy Group operates primarily in the electric utilities industry segment, serving target markets across multiple U.S. states including California, Pennsylvania, Michigan, Maryland, New Jersey, Texas, Florida, Georgia, Nevada, Ohio, Delaware, and Illinois.
Founded in 1997 and headquartered at 600 Anton Boulevard, Suite 2000, Costa Mesa, California, the company functions as a subsidiary of Just Energy Group Inc., a Canadian-based retail energy provider. It holds licenses for retail and wholesale energy commodities and maintains approximately 200 employees.
In recent years, Commerce Energy Group has experienced significant operational changes, including a rebranding in April 2017 under which it shed its standalone name to begin operating as Just Energy, while retaining existing customer contracts, business licenses, and billing processes managed by local utilities. No major partnerships, funding rounds, acquisitions, new product launches, or strategic expansions have been reported in the last 1-2 years, with the most recent financial data reflecting trailing twelve-month revenue of US$261.94 million and net losses amid stagnant share price activity at US$0.000001.