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Centrica also moved into the North American energy supply market, through the acquisition of the Canada-based company Direct Energy in July 2000, for £406 million. [19] Direct Energy's operations were subsequently considerably expanded through a number of further acquisitions, including of Enbridge Services for £437 million in January 2002. [20]
Direct Energy was founded in Toronto in 1986, as a competitive energy retailer. In 2000, the company was acquired by Centrica, the UK-based parent of British energy retailer British Gas. In 2010, Direct Energy acquired Clockwork Home Services making Direct Energy the largest energy and home services retailer in North America.
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The Centrica boss Chris O’Shea’s pay deal was called ‘fundamentally wrong’ by campaigners, and comes after years of high energy bills across the UK. British Gas owner avoids shareholder ...
Centrica Energy also generates electricity in the United Kingdom and has gas and oil exploration and production operations in the Irish Sea, Norwegian and Dutch sectors of the North Sea, North America and Trinidad and Tobago. Norway and Until 2010 it had gas exploration activities in Nigeria, these were wound down in 2009.
Centrica Plc on Friday said it was selling its North American subsidiary Direct Energy for $3.63 billion to U.S. integrated power firm NRG Energy, clearing the way for the new head of the British ...
It is currently operated by Centrica Storage Ltd (a subsidiary of Centrica). [14] The Rough Terminal also processes gas for the newly developed York field. [15] The Rough Terminal used to receive gas from the Amethyst gasfield which was until 1988 owned by Britoil but this is now processed by Perenco. Since 2013 The Rough Terminal has also ...