Centrica pays £71m for two US power providers:
Centrica, the owner of British Gas, is to buy two New York-based power providers from Iberdrola USA for $110m (£71m).
The deal to acquire Energetix and NYSEG will be done through the company’s North American subsidiary, Direct Energy Sevices.
Centrica said the purchase would strengthen its position in the US Northeast, adding 245,000 residential and small business customers.
Energetix and NYSEG Solutions operate out of Rochester and Binghamton, New York.
Shares in Centrica, which have risen over 7pc since the start of the year, were flat in early trading on Thursday.
