NRG Energy Announces Intent To Acquire Energy Plus Holdings For $190M

A report published by Wunderlich Securities states, "NRG Energy NRG announced its intent to acquire unregulated energy retailer, Energy Plus Holdings LLC, for $190 million in cash. Energy Plus has about 170,000 electric and gas customers primarily in the Northeastern U.S. Though no financial information was disclosed about Energy Plus, we understand the entity has no debt, and the transaction includes a small amount of working capital." Wunderlich maintains its Buy rating on NRG, which closed yesterday at $22.44.