ERM Power divests US retail arm

AUSTRALIAN energy retailer and generator ERM Power has spun its US subsidiary arm Source Power & Gas to North American energy service provider Direct Energy for US$27 million (A$38 million).

ERM Power divests US retail arm ERM Power divests US retail arm ERM Power divests US retail arm ERM Power divests US retail arm ERM Power divests US retail arm
Direct Energy entered into an asset purchase agreement for the electricity retailing portfolio and assets of Source Power & Gas' in a transaction that is expected to close on November 30 and will

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