NRG Energy To Buy Energy Plus For $190M

Law360, New York (August 16, 2011, 1:37 PM EDT) -- NRG Energy Inc. said Tuesday it had reached a $190 million deal to buy Philadelphia-based Energy Plus Holdings LLC to grow its retail base in the Northeast.

NRG, the U.S.' largest independent power producer, decided to snap up Energy Plus, a retail electricity and natural gas provider, as part of an effort to expand its customer base in what it views as an increasingly competitive market for retail energy, according to a statement. The all-cash deal, expected to close in October, follows NRG's $350 million purchase...
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