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TXU Energy and Mega Energy announced an agreement today transferring to TXU Energy all of Mega Energy’s Texas-based customer portfolio of residential and business customers (AEG Represents Mega Energy)

January 10, 2013

Copyright 2013 BusinessWire


TXU Energy and Mega Energy announced an agreement today transferring to TXU Energy all of Mega Energy’s Texas-based customer portfolio of approximately 10,000 residential and business customers. TXU Energy is serving those customers at equal or better rates as they contracted with Mega.

“This transaction is consistent with Mega Energy’s move to consolidate and redirect Mega Energy’s retail energy business to regions outside of Texas, particularly in the Northeast and, longer term, Midwest” “We are excited to welcome these fellow Texans to TXU Energy,” said TXU Energy Chairman and CEO Jim Burke. “This has been a quick transition for our new customers, giving them access to our market-leading suite of energy-saving solutions and our best-in-class customer service.”

The companies executed the agreement on Dec. 21. It does not affect Mega Energy customers outside Texas.

“This transaction is consistent with Mega Energy’s move to consolidate and redirect Mega Energy’s retail energy business to regions outside of Texas, particularly in the Northeast and, longer term, Midwest,” noted Mega Energy CEO Javed Meghani.

“It’s been a pleasure serving you,” Mega Energy Chief Operating Officer Debbie Wernet said in a letter to customers. “We know you chose Mega for reliable service and competitive rates, and we’re confident that your experience is only going to get better as a TXU Energy customer.”


Burke added, “The opportunity to expand our customer base and to quickly and efficiently complete this transaction is a great way to start the year. We look forward to serving these customers for years to come.”

AEG Affiliated Energy Group represented Mega Energy

 

 

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