Centrica PLC
Acquisition takes Centrica's Texas customer base to over 1 million
Centrica plc today announced that its North American subsidiary, Direct Energy,
has acquired the customer base of Entergy Solutions Ltd within the Electricity
Reliability Council of Texas (ERCOT) grid for a consideration of US$30 million
(£16.85 million) in cash.
Direct Energy is acquiring more than 100,000 residential and commercial
customers in the Houston and Dallas-Fort Worth areas and South Texas. The
acquisition increases Direct Energy's Texas customer base to over one million
customers.
This transaction underlines Direct Energy's on-going confidence in the Texas
market, where the company has reinforced its position as the clear number three
energy provider.
Sir Roy Gardner, Chief Executive of Centrica, said: 'Following the acquisition
earlier this year of the Paris Energy Center, which is Centrica's third power
station in Texas, today's transaction further strengthens our commitment to this
important market.'
Enquiries
Centrica Media Relations 01753 494085
Centrica Investor Relations 01753 494900
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