Roughly half of the employees at what formerly was Crius Energy in Norwalk are being let go, following that company”™s acquisition by Irving, Texas-based Vistra Energy.
That deal, finalized earlier this month, saw Vistra pay $378 million for Crius Energy Trust and agree to assume Crius”™ debt of $108 million.
According to a filing with the Connecticut Department of Labor, Vistra plans to lay off 74 workers beginning Sept. 15. According to SEC filings, Crius has 146 employees in Norwalk.
Crius ”“ which owns a number of brands that sell power in Texas, including TriEagle Energy, Energy Rewards and Viridian Energy ”“ and Vistra agreed to the deal in February.
