NRG Energy to acquire Green Mountain Energy Company

NRG Energy, Inc. (NYSE: NRG) today announced a definitive agreement to acquire Green Mountain Energy Company, the nation’s leading retail provider of clean energy products and services, for $350 million in cash.

“A permanent and fast-growing portion of the American population is seeking to live sustainably across all key phases of their lifestyle, including the energy they use in their homes, at work and in their personal transportation. Green Mountain understands that customer base and serves it better than any other retail energy provider,” said David Crane, NRG President and Chief Executive Officer. “Increasingly NRG, with our expanding portfolio of wind, solar and biomass initiatives, working with and through Green Mountain, is poised to become the clean energy provider of choice for Americans who want to make a difference for the environment.”

Read the full release here.

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