Direct Energy Completes Acquisition of Energetix and NYSEG Solutions

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Aug 23, 2012, 09:00 ET

HOUSTON, Aug. 23, 2012 /PRNewswire/ -- Direct Energy, one of North America's largest competitive energy and energy-related services companies, today announced the completion of its acquisition of Energetix, Inc. and NYSEG Solutions, Inc., energy retailers based in Rochester and Binghamton, New York respectively.

Energetix and NYSEG Solutions supply retail electricity and natural gas to approximately 245,000 residential and commercial customers in New York and Pennsylvania. The addition of Energetix and NYSEG Solutions expands Direct Energy's U.S. Northeast customer count to 1.3 million, further strengthening the company's presence in the region's retail power and gas market.

"We are pleased to welcome Energetix and NYSEG Solutions to the Direct Energy family and look forward to offering more customers in New York and Pennsylvania innovative energy solutions and superior customer service," said Steven Murray, President of Direct Energy Residential. "This deal builds on Direct Energy's North American growth strategy and allows us to provide consumers with more choice and services when it comes to how they purchase and consume natural gas and electricity."

About Direct Energy

Direct Energy is one of North America's largest energy and energy-related services providers with over six million residential and commercial customer relationships. Direct Energy provides customers with choice and support in managing their energy costs through a portfolio of innovative products and services. A subsidiary of Centrica plc (LSE: CNA), one of the world's leading integrated energy companies, Direct Energy operates in 46 states plus DC and 10 provinces in Canada. To learn more about Direct Energy, please visit www.directenergy.com.

SOURCE Direct Energy