Portfolio Exits
1Partners & Customers
10About 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
Latest Direct Energy News
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 | 2 |
Date | 10/20/2014 |
|---|---|
Exit | Divestiture |
Companies | |
Valuation | |
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 | Acquired Unit | 1 | ||||
11/12/2015 | Series C |
Date | 10/15/2018 | 11/12/2015 |
|---|---|---|
Investment Stage | Series C | |
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acquired Unit | |
Sources | 1 |
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 | 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 | `` 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 | 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 | ||||
10/31/2019 | Client |
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 | ||
News Snippet | 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 . | `` 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 . | 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 . | ||
Sources | 3 | 2 | 2 |
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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