Centrica sells three Texas power stations for $685m

British Gas owner Centrica confirmed plans to sell its gas-fired power stations in Texas for $685 million (£420m) in cash. Blackstone Group, a global investment and advisory firm, will buy three power plants from Centrica’s North American subsidiary Direct Energy – which the British energy giant bought for £500 million earlier this year. The units […]

Centrica to buy online US energy retailer for £30m

The owner of British Gas is buying a Texas-based electricity retailer for $46 million (£30m) in cash. Bounce Energy will give Centrica’s US subsidiary, Direct Energy, an online platform which it hopes will help grow its customer base from its current level of 5.5 million. The online retailer has more than 80,000 residential customers and […]