NRG Receives FERC Approval for Direct Energy Acquisition
NRG Energy Inc. (NYSE:NRG) announced the Federal Energy Regulatory Commission (FERC) has approved its acquisition of Direct Energy from Centrica PLC. The acquisition is expected to close in early January 2021, with a target date of January 5th. This strategic move is aimed at enhancing NRG's market position and expanding its customer base, which already serves over 3.7 million customers in the U.S. and Canada. The company focuses on innovative energy solutions while advocating for competitive energy markets.
- Acquisition of Direct Energy expected to enhance market position.
- Expansion of customer base beyond 3.7 million with diverse energy solutions.
- None.
PRINCETON, N.J.--(BUSINESS WIRE)--NRG Energy Inc. (NYSE:NRG) today announced that the Federal Energy Regulatory Commission (FERC) approved the previously announced acquisition of Direct Energy from Centrica PLC. The acquisition is expected to close in early January 2021, with a target date of January 5th.
Forward-Looking Statements
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About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy, @nrginsight.
