NOT! Corporations are disgusting things.
Still they are our corporations.
Vistra Energy Cements Top Spot Among Residential Retail Electricity Providers
Vistra plans to acquire electricity provider Crius Energy Trust.
Vistra Energy, a retail power provider to 2.9 million customers, announced this week it intends to purchase Crius Energy Trust. DNV GL confirmed to Greentech Media that the acquisition makes Vistra the largest residential retail electric power provider in the U.S. based on number of customers.
A company most recently in the news for its involvement in the record-setting Moss Landing project, Vistra purchased Crius for about $328 million and will assume $108 million of that company’s net debt. Crius, a multi-level energy seller that provides electricity including solar power through a number of brands, has about 1 million customers.
In announcing the deal, Vistra President and CEO Curt Morgan said the Crius portfolio has “a high degree of overlap with Vistra’s generation fleet and complements Vistra’s existing municipal aggregation and large commercial and industrial portfolio in the Midwest and Northeast markets.”
Go there and read. More next week.