Acquisition takes Centrica's Texas customer base to over 1 million

Centrica plc today announced that its North American subsidiary, Direct Energy, has acquired the customer base of Entergy Solutions Ltd within the Electricity Reliability Council of Texas (ERCOT) grid for a consideration of US$30 million (£16.85 million) in cash.

Direct Energy is acquiring more than 100,000 residential and commercial customers in the Houston and Dallas-Fort Worth areas and South Texas. The acquisition increases Direct Energy’s Texas customer base to over one million customers.

This transaction underlines Direct Energy’s on-going confidence in the Texas market, where the company has reinforced its position as the clear number three energy provider.

Sir Roy Gardner, Chief Executive of Centrica, said: "Following the acquisition earlier this year of the Paris Energy Center, which is Centrica’s third power station in Texas, today’s transaction further strengthens our commitment to this important market.”