The Texas retail electricity market just shrank a little more.
NRG Energy, one of the biggest power sellers in Texas with brand names like Reliant Energy, Green Mountain Energy and Discount Power, bought the customer accounts of Texans Energy, a Sugar Land company known for its low-cost electricity plans on the state shopping site Power to Choose.
Residential customers of Texans Energy will be folded into NRG’s Discount Power and small business customers will be combined into another NRG brand, Cirro Energy. The transition is expected to be completed in late June or early July, NRG spokeswoman Pat Hammond said. NRG is based in Houston and Princeton, N.J.
Electricity prices and other terms set by Texans Energy will remain in place during the length of the contract.