NRG Energy has agreed to acquire Direct Energy, a subsidiary of Centrica, in a $3.625 billion all-cash transaction.
Direct Energy is a retail provider of electricity, natural gas, and home and business energy-related products and services in North America. The company has operations in all 50 U.S. states and six Canadian provinces.
“The acquisition aligns with our broader strategy of perfecting our integrated business model and drives significant value creation for our customers and stakeholders,” said Mauricio Gutierrez, president and CEO of NRG.
