NRG Energy To Buy Reliant Energy
By: Chris Whited, KRBC News
Updated: March 3, 2009
Customers who purchase electricity from Reliant Energy will notice some changes in the future with the sale of the company. NRG Energy Inc. plans to buy Houston based Reliant Energy Inc.'s retail business for $388-million. The buyout merges the state's second largest energy retailer with the state's second largest power producer. In the Reliant press release it was stated that customers in Texas will continue to be served under their existing contracts. Employees who primarily support the retail business will be transferred to NRG. The transaction also includes the company’s brand name, Reliant Energy. Following the closing of the sale, the company will adopt a new name which has not yet been determine
Reliant serves about 1.8-million customers across Texas, including right here in Abilene and across the Big Country.
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