ENGIE Resources Acquires Plymouth Rock Energy

News provided by

Dec 19, 2018, 11:13 ET

HOUSTON, Dec. 19, 2018 /PRNewswire/ -- ENGIE Resources today announced the acquisition of Plymouth Rock Energy based in Woodmere, NY. The transaction, which has received approval from the Federal Energy Regulatory Commission and became effective December 19, 2018, will enable ENGIE Resources to expand its natural gas and electricity presence in seven states and by more than 20,000 customers.

Plymouth Rock and its customer base will benefit from joining a global energy leader with scale and financial backing to support credit and risk management. Equally important, Plymouth Rock customers will have direct access to ENGIE's growing portfolio of energy products and services.

The combined organization should benefit from complementary products, geographies, and systems in addition to shared information technology and billing and service economies.

Plymouth Rock presented an opportunity for ENGIE Resources to more than triple the number of natural gas utility service territories for its operations and to dive deeper into several key existing electricity markets. "We are very happy with the purchase, and the fine job done by Plymouth staff to build this portfolio of customers," said Graham Leith, Senior Vice President, Head of Retail, ENGIE Resources. "Plymouth's customers will join our portfolio of over 25,000 commercial and industrial power and natural gas customers, expanding our market share in metropolitan New York."

Plymouth Rock follows other recent acquisitions by ENGIE in North America, including Donnelly Mechanical Corporation (New York, NY), Unity International Group (Flushing, NY), and TryState Mechanical Inc. (New York, NY), further strengthening ENGIE's platform to deliver energy supply, energy optimization, and building modernization services that help commercial, industrial, and public sector customers achieve value.

About Plymouth Rock Energy
Plymouth Rock Energy, LLC, headquartered in Woodmere, NY, is a leading energy supplier of natural gas and electricity, with approximately 465,000 Residential Customer Equivalents and operating in 39 utility markets in the following 7 states: New York, New Jersey, Pennsylvania, Maryland, Ohio, Illinois, and Massachusetts.

About ENGIE Resources LLC
ENGIE Resources is a subsidiary of ENGIE North America and part of the international energy group ENGIE. As the fourth-largest electricity supplier to non-residential consumers in the United States, we deliver a combination of products and services, highly rated customer service, and financial strength that provides unique and compelling value to our customers. Now offering solar and other renewable energy options, demand response, and on-bill financing, we assure our customers that they can count on us to create effective, customized plans for them. Our in-house energy experts work with customers to understand their operations, tailoring products and services specific to their business and budget. For more about ENGIE Resources, visit www.engieresources.com or call 1-866-999-8374. Follow ENGIE Resources on LinkedIn, Twitter, and Facebook.

About ENGIE North America Inc.
ENGIE North America manages a range of energy businesses in the United States and Canada, including clean power generation, cogeneration, and energy storage; retail energy sales; and comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense. Nearly 100 percent of the company's power generation portfolio is low carbon or renewable. Globally, ENGIE is the largest independent power producer and energy efficiency services provider in the world, with operations in 70 countries employing 150,000 people, including 1,000 researchers in 11 R&D centers. For more information, please visit www.engie-na.com, @ENGIENorthAm, and www.engie.com.

SOURCE ENGIE Resources