New Jersey-based NRG Energy has reached an agreement to buy the third largest alternative electricity supplier in Connecticut by the end of the month.
NRG hatched a deal with Dominion Resources to acquire its retail electricity business, which provides generation to businesses and residents who choose not to use the standard service rate offered by the state’s electric utilities, Connecticut Light & Power and United Illuminating.
With more than 62,000 customers, Dominion Energy Services is the third largest electric supplier in Connecticut, following Houston-based Direct Energy and Stamford-based Public Power. NRG’s retail electric business, on the other hand, has 362 customers in the state, as of Feb. 28.
Nationwide, the Dominion acquisitions gives NRG another 600,000 customers in Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Texas, and Pennsylvania.
NRG also reached a deal on Tuesday to buy California electric supplier Edison Mission Energy by the end of the month. Edison does not operate in Connecticut.
