Deal Snapshot
NRG Receives FERC Approval for Direct Energy Acquisition
Monday 30 November 2020

The Federal Energy Regulatory Commission approved US-based energy company NRG Energy Inc's (NYSE: NRG) pending acquisition of Direct Energy from UK-based Centrica plc (LSE: CAN), NRG said.

The acquisition is expected to close in early January 2021, with a target date of January 5th. In July, NRG Energy announced it had entered into an agreement to acquire Direct Energy, a North American energy retailer, for USD 3.625bn.

Date Published: 30/11/2020