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NRG Energy Inc.’s Agreement to Acquire Direct Energy from Centrica, PLC

We are excited to announce that our parent company, Centrica PLC, has entered into an agreement with NRG Energy Inc. to acquire Direct Energy Home and Direct Energy Business for $3.625 billion. Together, Direct Energy and NRG Energy will form one of North America’s largest retail energy providers. With our combined deep experience in the energy industry, innovative solutions and services for residential and business customers, and significant natural gas and power wholesale expertise, this acquisition will allow us to better serve our combined customer base.

What does this purchase mean for my customers?

The acquisition of Direct Energy by NRG Energy is a stock purchase at the holding company level, not an asset purchase, which means that existing customer contracts with Direct Energy Home will remain completely intact, as will the high level of service customers have come to expect. In addition, we will continue to enter into transactions as Direct Energy Home, both before and after closing.

Who is NRG?

NRG Energy is a Fortune 500 company that generates electricity and provides energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through a diverse portfolio of retail brands that operate in the United States and Canada. NRG Energy delivers innovative solutions while advocating for competitive energy markets and customer choice and working toward a sustainable energy future.

"We are excited about the great opportunity that this acquisition presents and the benefits we can provide as a combined company to our customers and partners like you,” said Bruce Stewart, President, Direct Energy Home. “We look forward to sharing our progress with you in the coming months, as new information becomes available. Thank you for trusting us with your energy supply and services."

Much like Direct Energy, NRG Energy is committed to serving customers and communities, while providing innovative brands and energy plans that best suit their lifestyles and business models.  Our new combined company will be even more diversified and continue to invest in delivering a superior customer experience. Together Direct Energy and NRG Energy hold some of the nation’s most ambitious sustainability commitments and company values that are dedicated to advancing social good, including improving diversity and inclusion.

Direct Energy is one of North America’s largest retail providers of electricity, natural gas and energy-related services to over three million homes and business. It is part of Centrica plc (LSE: CNA), a leading international energy services and solutions provider that is founded on a 200-year heritage of serving people. Direct Energy, its subsidiaries and/or affiliates, operate in 50 U.S. states plus the District of Columbia and 8 provinces in Canada. We are focused on satisfying the changing needs of our customers, enabling them to transition to a lower carbon future. Our aim is to reduce emissions in line with Paris goals by 2030 and develop a path to net zero by 2050.

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