Constellation Energy to Buy Mxenergy For $175M

Constellation Energy CEG, a leading competitive energy provider, today announced it has signed a definitive agreement to acquire 100 percent of MXenergy, a Connecticut-based supplier of natural gas and electricity with more than half a million customers in North America. The proposed transaction to purchase MXenergy for $175 million, subject to normal adjustments, broadens Constellation Energy's mass market presence to include the 15 states and two Canadian provinces where MXenergy supplies gas and electricity to more than 540,000 residential and small commercial customers.