Centrica strengthens American portfolio

British utility Centrica (LSE: CNA) is to buy two US gas and electricity suppliers from Iberdrola, adding to the company’s portfolio in North America.

Operating as Direct Energy in the US and Canada, the company has paid $110m for Energetix and NYSEG Solutions, according to FT.

After these latest acquisitions, Centrica will have 5.5m customers in North America, including 500,000 in New York State.

For more power mergers and acquisitions news

     

 

Share
     


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...