NRG Discloses Aggregate Price, Customer Count For Small Retail Books Acquired In 2019
February 28, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
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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