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Update: Crius Acquisition of TriEagle Adds Geographic, Customer Diversity
Crius Energy, which as first reported yesterday is acquiring TriEagle Energy for $22.2 million, has provided details of how the TriEagle acquisition, which will give Crius entry into the Texas market, will diversify its customer book.
Specifically, Crius reported a comparison of its customer book composition in terms of geography, customer type, and contract type, pre- and post-acquisition.
The acquisition of TriEagle's 200,000 residential customer equivalents (RCEs) in Texas, Pennsylvania, and New Jersey will bring Crius' total RCEs to more than 800,000
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February 18, 2015
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Copyright 2010-15 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
Service Areas
Pre-Acquisition Post-Closing
ISO-NE 34% 23%
NYISO 20% 14%
PJM 45% 45%
MISO 1% 1%
ERCOT 0% 17%
Customer Type
Pre-Acquisition Post-Closing
Residential 72% 65%
Commercial 28% 35%
Contract Type
Pre-Acquisition Post-Closing
Variable 53% 40%
Fixed 47% 60%
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