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Update: Vistra Reveals Branding For Acquired Infinite & Veteran Energy Customers
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Vistra in a filing with the Public Utility Commission of Texas, disclosed how it will serve the Texas retail electric customers it is acquiring from Infinite Energy and Veteran Energy, an acquisition that was reported last week (story here)
Vistra's Value Based Brands LLC retail subsidiary applied for an amendment to its REP certificate to add the trade name Veteran Energy to the certificate
In the application, Value Based Brands (VBB) stated, "VBB is acquiring the intellectual property rights to use the Veteran
Energy brand and intends to serve the customers transitioning from Infinite and
Veteran under the Veteran Energy brand."
"Subject to closing of the transaction, VBB
intends to begin transferring customers on their scheduled meter read cycle
beginning on November 16, 2020, which should conclude in mid-December. VBB
intends to match all material existing contract terms, in order to ensure a seamless
transition for the customers," Value Based Brands stated
Value Based Brands stated that the existing entity Veteran Energy, "has obligated itself to
relinquish REP Certificate No. 10199 as soon as practicable once transition services
are completed, which should be on or around January 31, 2021."
Value Based Brands' existing trade names, which will remain on its REP certificate, include 4Change Energy and Express Energy
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November 9, 2020
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Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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