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A deal finalized earlier this month saw Vistra pay $378 million for Crius Energy Trust and agree to assume Crius’ debt of $108 million.
Operating in 20 states and the District of Columbia, Vistra Energy is one of the largest competitive residential electricity providers in the country.
Crius Board of Directors Chairman Brian Burden said that the revised $378 million price is higher than the unnamed third party’s offer, and that the board unanimously approved the new agreement.
Pending regulatory approval, the deal would make Irving, Texas-based Vistra Energy the leading residential electricity provider in the nation.