Energy America Completion

Centrica PLC 22 January 2001 22 January 2001 Centrica completes North American acquisition Centrica plc has assumed full ownership and management control of Energy America LLC, the energy retailing company that sells gas and electricity to around 400,000 residential and small business customers in the USA. On 12 December, 2000, Centrica announced it intended to acquire the outstanding 72.5 per cent stake of the joint venture from Sempra Energy, for a consideration of approximately $56m (£38.62m) in cash. Following receipt of the applicable regulatory consents the transaction completed on 19 January. This follows Centrica's acquisition of Direct Energy Marketing Limited in August last year, which included a 27.5 per cent interest in Energy America. Enquiries Investor relations Chris Milburn 01753 758114

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Centrica (CNA)
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