|
|
|
|
|
NRG Discloses Aggregate Price, Customer Count For Small Retail Books Acquired In 2019
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
In a 10-K, NRG Energy disclosed information related to small retail energy customer book acquisitions which occurred in 2019.
The small book acquisitions do not include NRG's acquisition of Stream's retail energy business
In the 10-K, NRG said, "During 2019, the Company acquired several books of customers totaling approximately 72,000 customers for $17 million, of which $13 million was paid in 2019. During 2018, the Company acquired several books of customers totaling approximately 115,000 customers, along with brand names, for $44 million, of which $40 million was paid in 2018, $2 million was paid in 2019 and $2 million was prepaid in 2017. The majority of the purchase price for the 2019 and 2018 book acquisitions were allocated to acquired intangibles."
Although not delineated by retail book name in NRG's 10-K, as first reported by EnergyChoiceMatters.com, in 2019 NRG acquired books from LifeEnergy, Pro Power Providers, LLC d/b/a Circular Energy, and American Light & Power
ADVERTISEMENT Copyright 2010-20 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
February 28, 2020
Email This Story
Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Senior Retail Energy Markets Pricing Analyst
• NEW! -- Energy Market Analyst -- DFW
• NEW! -- Senior Consultant - Competitive Energy Markets -- Houston
• Channel Relations Manger -- Retail Supplier
• Customer Service Representative -- Retail Supplier
• Renewables and Energy Trader -- Retail Supplier
|
|
|
|