Direct Energy Completes Sale Of Three Texas Power Plants To Blackstone

    Direct Energy Completes Sale Of Three Texas Power Plants To Blackstone

PR Newswire

HOUSTON, Jan. 17, 2014

HOUSTON, Jan. 17, 2014 /PRNewswire/ --Direct Energy, a subsidiary of Centrica
plc (LSE: CNA), today completed the previously announced sale of three
gas-fired power generation facilities in Texas to Blackstone (NYSE: BX).

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

The facilities, located in Bastrop, Mission, and Paris, are part of the
Electric Reliability Council of Texas' (ERCOT) North and South zones and total
approximately 1,295 megawatts (MW) of capacity.

As part of the transaction, an affiliate of Direct Energy has entered into a
three year call option arrangement for an equivalent amount of capacity with
Blackstone.

About Direct Energy
Direct Energy is one of North America's largest energy and energy-related
services providers with more than 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 U.S.
states plus the District of Columbia and 10 provinces in Canada. For more
information, visit www.directenergy.com.

SOURCE Direct Energy

Website: http://www.directenergy.com
Contact: Micah Hirschfield, Direct Energy, micah.hirschfield@directenergy.com,
+1 713 877 3805
 
Press spacebar to pause and continue. Press esc to stop.