NRG Energy to acquire Centrica’s Houston-based Direct Energy for $3.6B

NRG Energy Inc. (NYSE: NRG), which has dual headquarters in New Jersey and Houston, will acquire Houston-based Direct Energy for more than $3.6 billion in cash, according to a July 24 press release.

Direct Energy has been a subsidiary of London-based Centrica PLC since 2000. The retail provider of electricity, natural gas, and home and business energy-related products and services has more than 3 million customers across all 50 U.S. states and six Canadian provinces.

The deal is expected to close…