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Texas-based energy marketer to acquire Noble Americas Gas & Power

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Texas-based energy marketer to acquire Noble Americas Gas & Power

Mercuria Energy America Inc. is planning to acquire a 100% equity interest in Noble Americas Gas & Power Corp. from Noble Americas Corp.

Noble Americas Gas & Power is a power marketer authorized to sell wholesale energy, capacity and certain ancillary services at market-based rates. Mercuria is an independent energy marketing and trading company which is based in Houston, Texas, and is a subsidiary of Mercuria Energy Company LLC.

Noble Group announced July 26 plans to sell two of its North American businesses as it prioritizes debt reduction.

In a July 31 FERC application, the companies requested the commission to issue an order by Aug. 31 and to establish a 21-day comment period.

Upon deal close, Noble Americas Gas & Power will not longer be an affiliate of Noble Americas Corp. (FERC docket EC17-144)