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Affiliate of Spark Energy Acquires Another Book of Retail Customers
Entrust Energy has entered into an agreement to sell a certain portion of its Northeast residential customer portfolio to National Gas and Electric
Entrust Energy will continue to serve non-residential customers in the Northeast and will continue to evaluate the Northeast residential markets for potential opportunities.
Entrust Energy will continue to actively market to both residential and non-residential customers in Texas
"This move is in line with Entrust's strategy to focus its marketing efforts on the Commercial segment in those areas," Entrust Energy told EnergyChoiceMatters.com
"As always, Entrust continues to actively market both residential and commercial customers in Texas and will continue to monitor the Northeast residential markets for opportunities as part of its long term growth plans," Entrust Energy told EnergyChoiceMatters.com
National Gas & Electric is an affiliate of Spark Energy, Inc., and has previously said that it, "is working alongside Spark to develop a strategy that maximizes Spark’s ability to aggressively pursue additional growth through M&A while also serving as a retail holding company for the de-risking of acquired books of customers."
Earlier this month, EnergyChoiceMatters.com had exclusively reported (click here) that National Gas & Electric, LLC had acquired all of the equity of Bargain Energy, LLC, which serves customers in Ohio and Pennsylvania.
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April 18, 2016
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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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