Richardson-based Cirro Energy acquired by Dominion Retail

by PegNews wire

RICHARDSON — Dominion Retail, an energy marketing subsidiary of Dominion, has agreed to acquire Cirro Energy, a Texas retail electric provider. Cirro, which supplies about 2.3 million megawatt hours to about 52,600 residential and commercial customers, is headquartered in Richardson.

"Cirro Energy has provided both outstanding service and value to Texas customers for more than six years," said Richard Zelenko, vice president of Dominion Retail. "Dominion is pleased to acquire such an experienced company with an excellent track record, skilled employees and good prospects for growth in the largest competitive electricity market in the United States."

"This acquisition is a natural progression for Cirro in support of existing and future customers," said Cirro Energy CEO Tim Rogers. "The financial strength of Dominion, one of the nation's largest integrated energy companies, will ensure both Cirro's ability to build upon our reputation as a leading Texas retail electric provider and enhance our ability to grow and compete in the Texas market."

With the acquisition, Dominion Retail will provide energy and energy related services to 1.7 million customers in 12 states, including electricity customers in Texas, Pennsylvania, Massachusetts, Connecticut, Ohio, Maine, New York, and Maryland.

Cirro will become a subsidiary of Dominion Retail and maintain its operations in Texas.

Source: Dominion Retail