Constellation NewEnergy has bought Startex Power in cash for $142.5 million to assist in getting them a strong presence in Texas. Startex Power has over 170,000 customers which will allow Constellation to gain a needed brand presence immediately among tens of thousands of customers.
Constellation does not plan to stop there as they will also be buying MXEnergy for $175 million. MXEnergy has over 540,000 electric and natural gas customers in the US and Canada.
A company like Constellation who is already a gigantic company should be able to handle these buyouts with little problem considering they recently began to merge companies with Exelon making the Startex and MXEnergy buyouts seem like a small side deal.
We have been offering Startex Power in our compare chart for several years but no longer provide their plans to our customers. Our decision was based on well researched information regarding many different factors and we believe it is in the best interest of our company and the customers we serve.