Direct Energy Completes Acquisition of Hess' Energy Marketing Business

    Direct Energy Completes Acquisition of Hess' Energy Marketing Business

Maura Clark tapped to lead the combined commercial and industrial and supply
and trading business for the company

PR Newswire

HOUSTON, Nov. 1, 2013

HOUSTON, Nov. 1, 2013 /PRNewswire/ --Direct Energy Business, LLC, a North
American subsidiary of Centrica plc, today announces the completion of its
acquisition of the NewJersey-based Energy Marketing business of Hess
Corporation.

(Logo: http://photos.prnewswire.com/prnh/20121004/MM87276LOGO)

The new organization, which also now combines Direct Energy's commercial and
industrial retail business with the company's wholesale supply business, will
be led by Maura Clark, who assumes the role of president of Direct Energy
Business. Clark headed Direct Energy's commercial and industrial business
prior to the acquisition. The combination of Hess' Energy Marketing business
and Direct Energy Business creates an industry leading energy marketing
organization serving commercial and industrial customers across deregulated
markets in North America.

"By bringing together the expertise and capabilities of Hess Energy Marketing
and Direct Energy Business we will be uniquely positioned to provide a full
suite of energy and energy solutions to our customers," said Maura Clark,
president of Direct Energy Business. "We now have leading positions in
business gas and power supply and energy solutions, creating a stand out dual
fuel business in the U.S. and a robust platform for future growth."

Badar Khan, president and CEO of Direct Energy,said: "We are building on a
strong legacy of success in both organizations and bringing like-minded
businesses together to drive value for our customers and shareholders. This
transaction creates further momentum towards our growth strategy to double the
profitability of our North American downstream business over the next three to
five years."

About Direct Energy

Direct Energy is one of North America's largest energy and energy-related
services providers with over six million residential and commercial customer
relationships. Direct Energy provides customers with choice and support in
managing their energy costs through a portfolio of innovative products and
services. A subsidiary of Centrica plc (LSE: CNA), one of the world's leading
integrated energy companies, Direct Energy operates in 46 states plus DC and
10 provinces in Canada. To learn more about Direct Energy, please visit
www.directenergy.com.

Notes:

  oFurther information summarizing the transaction is available at
    www.centrica.com





SOURCE Direct Energy

Website: http://www.directenergy.com
Contact: Media Inquiries: Micah Hirschfield, Direct Energy,
micah.hirschfield@directenergy,com, 713-877-3805 office, 281-908-6597 mobile
 
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