HOUSTON, Aug. 1, 2002 — Centrica plc recently announced that its wholly owned subsidiary, Energy America, LLC., has completed the acquisition of 212,000 natural gas customers of NewPower Holdings, Inc., and its subsidiaries (NewPower) in Ohio and Pennsylvania.
Energy America has also completed the acquisition of other specified assets, including gas inventory and certain computer systems relating to the customers being acquired, bringing the total acquisition to $23.2 million.
“We look forward to building strong relationships with these customers and increasing our brand presence in Ohio and Pennsylvania,” said Deryk King, president and chief executive officer of Centrica’s North American operations.
Through its U.S. subsidiary, Energy America, Centrica has become one of the largest multi-state providers of deregulated retail energy services in North America, with customers principally located in Georgia, Michigan, Ohio, Pennsylvania and Texas. In April 2002, Centrica North America announced a deal with American Electric Power to acquire more than 800,000 customers in Texas.
About Energy America
Energy America is a wholly owned subsidiary of Centrica plc, a leading supplier in the U.K. of energy and home services. Centrica has approximately 44 million customer relationships worldwide. For more information, visit www.energyamerica.com .