Direct Energy Business LLC announced it will acquire the gas and power marketing arm of Hess Corp. for $731 million.
Pittsburgh-based Direct Energy Business is a competitive electricity and gas supplier and a subsidiary of British company Centrica plc.
Hess' Energy Marketing business, based in New Jersey, had revenue of more than $6 billion last year.
The acquisition will quadruple the amount of gas Direct Energy Business supplies to customers.
Anya Litvak: email@example.com or 412-263-1455.