Bounce Energy

Digest

ComEd selects GE for 4 million smart meters; Duquesne contracts Itron for 625,000 smart meters; Consumers Energy plans 700-MW combined-cycle plant; Phoenix Solar contracts for 39-MW PV plant; NRG starts operation at two 20-MW PV plants in California; Edison files suit against Mitsubishi for SONGS defects; FirstEnergy plans 2 GW of coal-plant shutdowns; FERC approves PacifiCorp tie-in with Cal ISO; PSEG commissions EV-charging facilities; plus announcements and contracts involving Toshiba, Direct Energy, Alstom, and others.

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Transactions (September 2013)

TECO acquires New Mexico Gas; Direct Energy acquires Bounce Energy; Duke floats $500 million in two tranches; plus debt deals from PPL Electric and Southern Power.

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Direct Energy to Acquire Bounce Energy for $46 Million

Submitted by aburr on Tue, 2013-07-23 15:46

Direct Energy reached an agreement to acquire Bounce Energy, a privately-held retail electricity provider based in Houston, for $46 million in cash plus additional working capital.
Bounce Energy provides full-service electricity to more than 80,000 residential and small business customers in Texas, Pennsylvania and New York.

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Bounce Energy

Digest

Transactions (September 2013)