|**UNITED STATES**                                                                                                                                                                                                                                                                                                                        
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|**SECURITIES AND EXCHANGE COMMISSION**                                                                                                                                                                                                                                                                                                   
|**Washington, DC 20549**                                                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                                                         
|Form 10-QSB/A                                                                                                                                                                                                                                                                                                                            
|(Mark one)                                                                                                                                                                                                                                                                                                                               
|[ X ] QUARTERLY
    REPORT UNDER SECTION 13 OR 15 (d) OF THE                                                                                                                                                                                                                                                                             
|SECURITIES
    EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                                         
|For the
    quarterly period ended: September 30, 2001                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                                         
|[  ]
    TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE                                                                                                                                                                                                                                                                             
|SECURITIES
    EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                      
|For
    the transition period from ____________ to _____________                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                         
|Commission
    file number: 0-16179                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                                         
|**Gexa
    Corp.**                                                                                                                                                                                                                                                                                                                       
|(Exact
    name of small business issuer as specified in its charter)                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                         
|Texas                                                                                                                                                                                                                                                                                                                                    
|(State or
    other jurisdiction of incorporation or organization)                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                         
|24
    Greenway Plaza, Suite 1826, Houston, TX                                                                                                                                                                                                                                                                                           
|(Address of
    principal executive offices)                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                         
|(713)-961-9399                                                                                                                                                                                                                                                                                                                           
|(Issuers
    telephone number)                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                         
|Gexa
    Gold Corp.                                                                                                                                                                                                                                                                                                                      
|(Former
    Name, former address and former fiscal year, if changed since last report)                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                                         
|Check
    whether the issuer (1) filed all reports required to be filed by section 13 or 15 (d) of
    the Exchange Act during the past 12 months (or for such shorter period that the registrant
    was required to file such report (s), and (2) has been subject to such filing requirements
    for the past 90 days. Yes [ ] No [X]

|APPLICABLE ONLY TO
    CORPORATE ISSUERS                                                                                       
|-------------------------------------------------------------------------------------------------------------------------------
|State the number of shares outstanding of
    each of the issuers classes of common equity, as of the latest practicable date:
|Common Stock, $.01 par
    value 5,866,922 shares outstanding as of September 30, 2001                                         
|Transitional Small Business
    Disclosure Format: Yes __ No X                                                                 















|****TABLE
    OF CONTENTS                                      
|---------------------------------------------------------------
|****                                                           
|**PART I. FINANCIAL
    INFORMATION**                          
|                                                               
|Item 1. Financial Statements                                   
|Item 2. Managements Plan of Operation                         
|                                                               
|**PART II. OTHER
    INFORMATION**                             
|                                                               
|Item 1. Legal Proceedings                                      
|Item 2. Changes in Security                                    
|Item 3. Default Upon Senior Securities                         
|Item 4. Submission of Matters to a Vote of
    Security Holders
|Item 5. Other Information                                      
|Item 6. Exhibits and Reports on Form 8-K                       



PART I FINANCIAL INFORMATION

Item 1. Financial Statements

Set forth below are the financial statements for the Company for the
three month periods ended June 30, 2001 and 2000.

|**INDEX
    TO FINANCIAL STATEMENTS**                                                                   |     
|------------------------------------------------------------------------------------------------------- | ----
|                                                                                                        | Page
|Balance Sheets September 30, 2001 (Unaudited) and December 31, 2000                                     | 2   
|Statement of Operations for the Three and Nine-Months ended September 30, 2001 and 2000
    (Unaudited) | 3   
|Statement of Cash Flow for the Nine-Months ended September 30, 2001 and 2000 (Unaudited)                | 3   
|Notes to Financial
    Statements                                                                       | 4   



|GEXA
    CORP.                                                           
|-------------------------------------------------------------------------
|Balance
    Sheets                                                       
|ASSETS                                                                   
|                                                                         
|Current Assets:                                                          
|Cash and cash
    equivalents                                            
|Total
    current assets                                                 
|Other assets:                                                            
|Data base license                                                        
|Billing and data
    transfer system                                     
|PUC deposit                                                              
|Total
    other assets                                                   
|Total
    Assets                                                         
|                                                                         
|LIABILITIES
    AND STOCKHOLDERS' EQUITY                                 
|                                                                         
|Current liabilities:                                                     
|Notes payable                                                            
|Total
    current liabilities                                            
|Long-term liabilities:                                                   
|Notes
    payable-officer                                                
|Total liabilities                                                        
|Stockholders' equity:                                                    
|Preferred stock,
    $.05 par value; 2,500,000 shares                    
|authorized; no
    preferred convertible shares issued and               
|outstanding at
    June 30, 2001 and 944,495 at December 31, 2000        
|Common stock, $.01
    par value; 75,000,000 shares                      
|authorized;
    5,866,922 shares issued and outstanding at Sept. 30, 2001
|and
    8,504,425 shares issued and outstanding at December 31, 2000     
|Additional paid-in
    capital                                           
|Retained earnings
    (Accumulated deficit)                              
|Total
    stockholders' equity                                           
|Total stockholders' equity and liabilities                               
|See
    accompanying notes to financial statements.                      



|GEXA
    CORP.                                     
|---------------------------------------------------
|Statement
    of Operations                        
|(Unaudited)                                        
|                                                   
|                                                   
|Revenues                                           
|Operating
    expense                              
|Administrative                                     
|Net
    income (loss)                              
|                                                   
|Basic
    net income (loss) per share              
|Diluted
    net income (loss) per common share     
|                                                   
|Basic
    weighted average common                  
|shares outstanding                                 
|Diluted
    weighted average common                
|shares outstanding                                 
|See
    accompanying notes to financial statements.



|GEXA CORP.                                                                                                                                                                                                                                                                                                  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Statement
    of Cash Flow                                                                                                                                                                                                                                                                                  
|(Unaudited)                                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                            
|Cash flows from operating
    activities:                                                                                                                                                                                                                                                                   
|Net income (loss)                                                                                                                                                                                                                                                                                           
|Adjustments to
    reconcile net income (loss)                                                                                                                                                                                                                                                              
|to net cash
    used by operating activities:                                                                                                                                                                                                                                                               
|Stock issued to
    officers, directors and consultants for services                                                                                                                                                                                                                                        
|Increase in PUC
    deposit                                                                                                                                                                                                                                                                                 
|Net cash provided by (used in) operating activities                                                                                                                                                                                                                                                         
|Cash flows from investing
    activities:                                                                                                                                                                                                                                                                   
|Purchase of billing
    and data transfer system                                                                                                                                                                                                                                                            
|Net cash provided by (used in) investing activities                                                                                                                                                                                                                                                         
|Cash flow from financing
    activities:                                                                                                                                                                                                                                                                    
|Proceeds from notes
    payable                                                                                                                                                                                                                                                                             
|Proceeds from sale
    of common stock                                                                                                                                                                                                                                                                      
|Additional
    contribution by officers                                                                                                                                                                                                                                                                     
|Payments to
    corporation consultants                                                                                                                                                                                                                                                                     
|Payments to stock
    brokers                                                                                                                                                                                                                                                                               
|Payments for stock
    offering expenses                                                                                                                                                                                                                                                                    
|Net cash provided by (used in) financing activities                                                                                                                                                                                                                                                         
|Increase (decrease) in cash and
    cash equivalents                                                                                                                                                                                                                                                        
|Cash and cash equivalents at the
    beginning of period                                                                                                                                                                                                                                                    
|Cash and cash equivalents at the
    end of period                                                                                                                                                                                                                                                          
|Supplemental disclosure of cash
    flow data:                                                                                                                                                                                                                                                              
|Cash paid for
    interest during the period                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                            
|Supplemental
    Disclosure of Noncash Transactions:                                                                                                                                                                                                                                                        
|On July 1, the
    Company purchased the assets, which consisted of software development and contracts with
    vendors, of EZ Utilities for 300,000 shares of common stock and the assumption of a
    $25,000 note payable to the Company's chairman and CEO. The
    stock was priced at $.202 per share.
|See
    accompanying notes to financial statements.                                                                                                                                                                                                                                                         



|GEXA CORP.                                 
|-------------------------------------------
|Notes to the Unaudited Financial Statements
|(Unaudited)                                
|September 30, 2001                         

1.Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with
generally accepted accounting principles for interim financial information and with the
instructions to Form 10-QSB and Regulation S-B of the Securities and Exchange Commission.
Accordingly, they do not include all of the information and footnotes required by
generally accepted accounting principles for complete financial statements and should be
read in conjunction with Notes to Financial Statements contained in the Companys
Annual Report on Form 10-KSB for the year ended December 31, 2000. In the opinion of
management, all adjustments (consisting of normal recurring accruals) considered necessary
for a fair presentation have been included. Operating results for the nine months ended
September 30, 2001 are not necessarily indicative of the results that may be expected for
the year ended December 31, 2001.

For the statements of cash flows, cash and cash equivalents include one demand account
and two ninety-day certificates of deposit.

The preparation of financial statements in accordance with generally accepted
accounting principles requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and the disclosure of contingent assets and
liabilities at the date of the financial statements and revenues and expenses during the
reporting period. Actual results could differ from those estimates.

2. Notes Payable

On June 30, 2001, the CEO of the Company lent the Company $100,000 for five years
evidenced by an unsecured non-interest bearing promissory note. On the same date, an
unrelated individual advanced the Company $100,000 and will receive 10,000 shares of
common stock as interest within ninety days. The additional $25,000 note payable to
officer was assumed in the EZ Utilities purchase. (See Statement of Cash Flows.)

3. Stock Transactions

On February 10, 2001, the 944,495 shares of convertible preferred stock were converted
into 944,495 shares of common stock. On the same day, the board of directors voted to
execute a 1 to 25 reverse stock split.

On March 21, 2001, the board authorized the issuance of 3,200,000 shares of common
stock to the Companys chief executive officer, 320,000 shares to the Companys
chief operating officer, 400,000 shares to three directors, and 155,000 shares to
consultants for services rendered at a price of $.01 per share.

On April 19, 2001, the Company sold 500,000 shares of stock to an unaffiliated
corporation for $50,000.
On July 1, 2001, the Company purchased the assets of EZ Utilities for 300,000 shares of
common stock. (See Statement of Cash Flows.)
On September 1, the Company issued 320,000 shares of common stock to its chief operating
officer for services rendered at a price of $.202 per share.
During the three months ended on September 30, 2001, the Company sold 286,000 to unrelated
investors.

4. Earnings Per Share

The basic weighted average number of shares was computed as if the February 10, 2001 1
to 25 reverse stock split occurred on December 31, 1999. The diluted weighted average
number of common shares for 2000 includes the conversion of the preferred stock into
common. The diluted weighted average for 2001 includes 10,000 shares to be issued to the
unrelated lender described in Note 2.

5. Going Concern

The accompanying financial statements have been prepared assuming that the Company will
continue as a going concern.

As shown in the accompanying financial statements, the Company has had no sales. The
future of the Company is dependent upon its ability to obtain financing and on the success
of its new operations.



**Item 2. Managements Plan of Operation**

As used in this Quarterly Report, the terms "we",
"us", "our" and the "Company" mean Gexa Corp., a Texas
corporation.We changed our name during this quarter from Gexa Gold Corp. to Gexa Corp. We
also filed a d/b/a in the State of Texas for Gexa Corp. to do business under the name of
Gexa Energy.

Forward-Looking Statements; Market Data

To the extent that we make any forward-looking statements in the
"Managements Plan of Operation" in this Quarterly Report, we emphasize
that forward-looking statements involve risks and uncertainties and our actual results may
differ materially from those expressed or implied by our forward-looking statements. All
forward-looking statements in this Quarterly Report reflect our current views about future
events and are based on assumptions and are subject to risks and uncertainties. Generally,
forward-looking statements include phrases with words such as  "expect",
"anticipate", "intend", "plan", "believe",
"seek", "estimate" and similar expressions to identify forward-looking
statements.

This Quarterly Report contains disclosure related to our intent to
enter into the business of reselling electricity which becomes a deregulated industry
effective January 1, 2002. On June 19, 2001, Gexa submitted an application
to the Public Utility Commission of the State of Texas for the purpose of becoming a
retail reseller of electricity to residential and small commercial customers in Texas.
Under Texas law, beginning January 1, 2002, customers may elect to purchase electricity
from independent resellers, such as Gexa. Ourplan to pursue this new business
opportunity may involve certain estimates and plans related to the business of reselling
electricity, which is a newly deregulated industry, which assumes certain events, trends
and activities will occur and the projected information based on those assumptions. We do
not know that any assumptions that we may make will be accurate. In particular, we do not
know and cannot predict with any degree of certainty the growth of industry of reselling
electricity in the market in State of Texas in which we seek to operate. If our
assumptions are wrong about any events, trends and activities, and specifically about this
new business opportunity. Our efforts regarding this new business opportunity may be wrong
because of our limited resources.

During the three and nine month periods ended June 30, 2001 and 2000, we generated no
revenues from any business operations. During the three month period ended September 30,
2001, we had administrative expenses of $78,910 and therefore had a net loss in the same
amount. We had no expenses nor income during the same period of  the prior year.

Liquidity and Capital Resources

At September 30, 2001, we had current assets of $255,617, consisting of
cash and cash equivalents. As of September 30, 2001, we had other assets of $340,600 which
included a ninety day certificates of deposit in the amount of $200,000 required by the
State of Texas Public Utility Commission in connection with our application to become a
reseller of electricity after commencement of deregulation on January 1, 2001. Other
assets also included a data base valued at $85,600 and a billing and data transfer system
valued at $55,000.

Our total assets at September 20, 2001 were $596,217. At September 30,
2001, we had current liabilities of $100,000, which consisted of a note payable to a third
party in connection with our application to become a reseller of electricity. Our
long-term liabilities consisted of a non-interest bearing five year promissory note issued
to our CEO in the amount of $100,000 and a $25,000 note payable. At December 31, 2000, we
had no assets and liabilities.

During the nine-month period ended September 30, 2001,
we had a negative cash flow from operations of $228,691. We purchased a $55,000 billing
and data transfer system during the three-period ended September 30, 2001. Our financing
activities provided as with $539,308. We issued two $100,000 notes, received proceeds from
the sale of restricted stock in the amount of $386,625 and received additional $33,500
from our officers during the nine-month period ended September 30, 2001. These proceeds
were offset by payments of $78,117.

We may determine to seek to raise funds from the sale of equity or debt
securities or other borrowings or a combination thereof as part of our business plan to
enter into the business of reselling electricity in the State of Texas. There can be no
assurance that we will be able to continue to operate through the issuance of notes,
restricted shares of common stock or other instruments, including the issuance of shares
for services provided to us or will be able to raise funds through the issuance of shares.We have no written agreement with our CEO/chairman or with any other affiliate
or unaffiliated person  to provide any continued funding. Our chairman is presently
negotiating on our behalf with our attorney and CR Capital Services, Inc., our corporate
securities compliance firm, to be paid for services in shares. No determination has been
made regarding the amount of shares or the value of the services.

There are currently no limitations on our ability to borrow funds or
issue restricted common stock to finance potential new business opportunities. However,
our limited resources and lack of operating history may make it difficult to do so. The
amount and nature of any borrowing by us will depend on numerous factors, including our
capital requirements, potential lenders' evaluation of our ability to meet debt service on
borrowing and the then prevailing conditions in the financial markets, as well as general
economic conditions. We do not have any arrangements with any bank or financial
institution to secure additional financing and there can be no assurance that such
arrangements, if required or otherwise sought, would be available on terms commercially
acceptable or otherwise in our best interests. Our inability to borrow funds or to provide
funds for an additional infusion of capital may have a material adverse effect on our
financial condition and future prospects. To the extent that additional debt financing
ultimately proves to be available, any borrowing will subject us to various risks
traditionally associated with indebtedness, including the risks of interest rate
fluctuations and insufficiency of cash flow to pay principal and interest.

**PART II. OTHER INFORMATION**

Item 1. Legal Proceedings

None.

Item 2. Changes in Security

(c) Equity securities of the registrant sold by the
registrant during the period ended September 30, 2001 that were not registered under the
Securities Act.:During the three month period ended September 30, 2001, we issued 906,000 restricted
shares of common stock that were not registered under the Act. We relied upon Section 4(2)
of the Act as the basis for the exemption from the registration requirements of the Act
and there was public solicitation involved. The shares of common stock were sold to
private investors who are "accredited investors" as defined under Rule 501(a)(3)
under the Act. All recipients either received adequate information about the Company or
had access, through employment or other relationships, to such information.

|Name
    of Holder                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Date
    of Issuance | Number
    Common Stock | Consideration                                               
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | -------------------- | ----------------------- | ------------------------------------------------------------
|EZ Utilities, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 08-01-2001           | 300,000                 | Shares issued for Acquisition                               
|Marcie Zlotnik                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 09-01-2001           | 40,000                  | For services as President and
      Director in lieu of cash
|Private Investors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 08-15-2001           | 286,000                 | $336,625 (1)                                                
|(1) The Company
    believes these transactions were exempt from registration pursuant to Section 4 (2) and
    Rule 506 of Regulation D of the Act as privately negotiated, isolated, non-recurring
    transactions not involving any public solicitation. The purchasers in each case
    represented their intention to acquire the securities for investment only and not with a
    view to the distribution thereof. Appropriate restrictive legends are affixed to the stock
    certificates issued in such transactions. All recipients either received adequate
    information about the Company or had access to such information. In addition, the
    purchasers described above were "accredited investors" (as that term is defined
    in Rule 501(a)(3) promulgated under the Act).

**Item 3. Default Upon Senior Securities**

None.

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 5. Other Information

None.

Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits:

|Exhibit No. | Document
    Description                                                                                                                                                                       
|----------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3(i)        | Articles
    of Incorporation and amendments (filed as Exhibits to the Company's Registration Statement
    on Form 10-12g filed on September 3, 1987 and are incorporated herein by reference)
|3(ii)       | Bylaws
    (filed as Exhibit to the Company's Registration Statement on Form 10-12g, filed on
    September 3, 1987 and are incorporated herein by reference)                                  
|13(i)       | The
    Registrant's Current Report on Form 8-K filed on June 21 and November 27, 2001, which are
    incorporated by reference.                                                               

(b) Form 8-K.

None.

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the small
business issuer has caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Gexa Corp.

|By: /s/ Marcie Zlotnik                
|--------------------------------------
|Marcie Zlotnik, President and Director
|Dated: December 3, 2001               
|Houston, Texas