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Corporation
MOBILE & TELECOMMUNICATIONS
directenergy.com

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Portfolio Exits

1

Partners & Customers

10

About Direct Energy

Direct Energy is an energy and energy-related services provider with nearly five million residential and commercial customers in North America. Direct Energy provides customers with choice and support in managing their energy costs through a portfolio of innovative products and services. The company operates in 50 U.S. states plus the District of Columbia and 10 provinces in Canada.On July 24th, 2020, Direct Energy was acquired by NRG Energy. The terms of the transaction were not disclosed.

Direct Energy Headquarter Location

1 Hess Plaza

Woodbridge, New Jersey, 07095,

United States

800-437-7265

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Latest Direct Energy News

19:10 EDT Direct Energy Regulated Services Announces Natural Gas Rates for May 2022

Apr 28, 2022

News provided by Share this article Share this article CALGARY, AB, April 28, 2022 /CNW/ - Direct Energy Regulated Services has announced default natural gas rates for May 2022. These rates will apply to customers who have not chosen a competitive supplier within the ATCO Gas North and South service territories. The rates have been verified by the Alberta Utilities Commission. North Service Territory The North territory includes customers living in and north of the City of Red Deer. For customers in the ATCO Gas North service territory, the May regulated natural gas rate is increasing from the April rate of $5.281 per GJ to $6.399 per GJ. This rate reflects a market price for May supplies of approximately $5.775 per GJ as reported by the NGX, and incorporates an adjustment of $0.624 per GJ for April and prior months. The typical residential gas bill for May based on an average 6 GJ of consumption would be approximately $133 in the North. South Service Territory The South territory includes customers living south of the City of Red Deer. For customers in the ATCO Gas South service territory, the May regulated natural gas rate is increasing from the April rate of $5.281 per GJ to $6.399 per GJ. This rate reflects a market price for May supplies of approximately $5.775 per GJ as reported by the NGX, and incorporates an adjustment of $0.624 per GJ for April and prior months. The typical residential gas bill for May based on an average 6 GJ of consumption would be approximately $119 in the South. Further information on regulated gas supply and a complete list of competitive retailers can be found on the Alberta government's customer choice website at: www.ucahelps.gov.ab.ca. SOURCE Direct Energy Regulated Services For further information: Estefania Joy, Direct Energy, Communications Specialist, Cell: 1-832-588-3634, [email protected] ×

Direct Energy Portfolio Exits

1 Portfolio Exit

Direct Energy has 1 portfolio exit. Their latest portfolio exit was Direct Energy - Home and Small Commercial Services on October 20, 2014.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/20/2014

Divestiture

$99M

2

Date

10/20/2014

Exit

Divestiture

Companies

Valuation

$99M

Acquirer

Sources

2

Direct Energy Acquisitions

2 Acquisitions

Direct Energy acquired 2 companies. Their latest acquisition was Source Power & Gas - Retail Electricity Business on October 15, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/15/2018

$99M

Acquired Unit

1

11/12/2015

Series C

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$99M

$99M

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10

Date

10/15/2018

11/12/2015

Investment Stage

Series C

Companies

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Valuation

$99M

$99M

Total Funding

$99M

Note

Acquired Unit

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Sources

1

10

Direct Energy Partners & Customers

10 Partners and customers

Direct Energy has 10 strategic partners and customers. Direct Energy recently partnered with Tractor Supply Company on December 12, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

12/10/2020

Client

United States

Direct Energy Renewable Services Helps Tractor Supply Company Stores Go Green in Virginia with 100% Renewable Power

ISELIN , N.J. , Dec. 10 , 2020 / PRNewswire / -- Today , Direct Energy announced a contract with rural lifestyle retailer Tractor Supply Company to provide 100 % renewable energy to more than 30 store facilities in Virginia .

3

11/19/2020

Partner

United States

Direct Energy | Direct Energy Puts Customers First and Ramps Up Personalized Energy and Home Services with Expanded Innowatts Partnership

`` We 're committed to delighting customers with smart , tailored services that are easy to use and anticipate their changing and unique home needs , and through our expanded partnership with Innowatts we 're able to deliver genuinely personalized services at scale , '' explains Bruce Stewart , President of Direct Energy .

2

9/8/2020

Client

United States

Washington Suburban Sanitary Commission Increases Green Efforts with Direct Energy Business and Liberty Power

Patrick Taylor , Director of Energy Services for Algonquin Power & Utilities Corp. , the parent company of Liberty Power , said , `` We are pleased to have been able to partner with both The Washington Suburban Sanitary Commission and Direct Energy in supplying locally generated , wind energy and the associated RECs to run essential services in the DC region .

2

2/18/2020

Client

United States

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10

10/31/2019

Client

United States

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10

Date

12/10/2020

11/19/2020

9/8/2020

2/18/2020

10/31/2019

Type

Client

Partner

Client

Client

Client

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Direct Energy Renewable Services Helps Tractor Supply Company Stores Go Green in Virginia with 100% Renewable Power

ISELIN , N.J. , Dec. 10 , 2020 / PRNewswire / -- Today , Direct Energy announced a contract with rural lifestyle retailer Tractor Supply Company to provide 100 % renewable energy to more than 30 store facilities in Virginia .

Direct Energy | Direct Energy Puts Customers First and Ramps Up Personalized Energy and Home Services with Expanded Innowatts Partnership

`` We 're committed to delighting customers with smart , tailored services that are easy to use and anticipate their changing and unique home needs , and through our expanded partnership with Innowatts we 're able to deliver genuinely personalized services at scale , '' explains Bruce Stewart , President of Direct Energy .

Washington Suburban Sanitary Commission Increases Green Efforts with Direct Energy Business and Liberty Power

Patrick Taylor , Director of Energy Services for Algonquin Power & Utilities Corp. , the parent company of Liberty Power , said , `` We are pleased to have been able to partner with both The Washington Suburban Sanitary Commission and Direct Energy in supplying locally generated , wind energy and the associated RECs to run essential services in the DC region .

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Sources

3

2

2

10

10

Direct Energy Team

18 Team Members

Direct Energy has 18 team members, including former President, Manu Asthana.

Name

Work History

Title

Status

Manu Asthana

TXU Energy, and Swiss Bank Corp.

President

Former

Paul Massara

Electron, Energy, npower, Oxford House, Genesis Capital, Centrica, British Gas, and Gartmore Investment

President

Former

Thomas M. Boehlert

Chief Financial Officer, Executive Vice President

Former

R. Bradley Hurtubise

Chief Financial Officer, Executive Vice President

Former

Randy Kruger CPA

J.P. Morgan Chase & Co., Calpine, and Arthur Andersen

Chief Financial Officer

Former

Name

Manu Asthana

Paul Massara

Thomas M. Boehlert

R. Bradley Hurtubise

Randy Kruger CPA

Work History

TXU Energy, and Swiss Bank Corp.

Electron, Energy, npower, Oxford House, Genesis Capital, Centrica, British Gas, and Gartmore Investment

J.P. Morgan Chase & Co., Calpine, and Arthur Andersen

Title

President

President

Chief Financial Officer, Executive Vice President

Chief Financial Officer, Executive Vice President

Chief Financial Officer

Status

Former

Former

Former

Former

Former

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