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Important Information About NRG Energy Inc.’s Agreement to Acquire Direct Energy from Centrica, PLC


 

We are excited to announce that our parent company, Centrica PLC, has entered into an agreement with NRG Energy Inc. to acquire Direct Energy Home and Direct Energy Business for $3.625 billion. Together, Direct Energy and NRG Energy will form one of North America's largest retail energy providers. With our combined deep experience in the energy industry, innovative solutions and services and significant natural gas and power wholesale expertise, this acquisition will allow us to better serve our combined customer base.

 

What does this purchase mean for my business?

The acquisition of Direct Energy by NRG Energy is a stock purchase at the holding company level, not an asset purchase, which means that your contract with Direct Energy Business will remain completely intact. You can be assured of our continued commitment to serve your business, with all aspects of your relationship with us remaining the same, including your contract, contacts and the high level of service you’ve come to expect. In addition, we will continue to enter into transactions as Direct Energy Business, both before and after closing. While we anticipate that the transaction will close toward the end of this year, it is subject to the typical governmental and regulatory approvals for a transaction of this type.

 

Who is NRG?

NRG Energy is a Fortune 500 company that generates electricity and provides energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through a diverse portfolio of retail brands that operate in the United States and Canada. NRG Energy delivers innovative solutions while advocating for competitive energy markets and customer choice and working toward a sustainable energy future.

Much like Direct Energy, NRG Energy is committed to serving customers and communities, while providing innovative brands and energy plans that best suit their lifestyles and business models. Our new combined company will be even more diversified and continue to invest in delivering a superior customer experience. Together Direct Energy and NRG Energy hold some of the nation’s most ambitious sustainability commitments and company values that are dedicated to advancing social good, including improving diversity and inclusion.

 

NRG and Direct Energy Business - Quick Asset Snapshot

NRG and Direct Energy Business - Quick Asset Snapshot

 

We are excited about the great opportunity that this acquisition presents and the benefits we can provide as a combined company to our customers and partners. We look forward to sharing our progress with you in the coming months, as new information becomes available. Thank you for trusting us with your energy supply and services.

 

Sincerely,

John Schultz

John Schultz
President,
Direct Energy Business

 


 

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