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Crius Discloses Final Purchase Price For Earlier Book Acquisition
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In its Q3 earnings report, Crius Energy Trust disclosed the final purchase price for a book acquisition completed earlier this year
In June 2018, Crius purchased the customer contracts and associated assets of approximately 15,000 electric residential customer equivalents in Connecticut, Maine, Maryland, Massachusetts, New Hampshire, Ohio, Pennsylvania and Rhode Island from a Massachusetts-based energy retailer.
Crius said in its Q3 report that the final purchase price for this transaction was $630,000
Previously, in its Q2 report, Crius had disclosed a "preliminary" purchase price of $600,000 for this transaction
Crius in its quarterly reports did not specify the identity of the seller of the 15,000 RCE book described above
However, as previously reported by EnergyChoiceMatters.com, Mint Energy, LLC (which was based in Massachusetts) had in May 2018 announced that it had entered into an agreement to sell the "bulk" of its U.S. retail power contracts to Crius Energy, LLC's licensed affiliates.
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November 15, 2018
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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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