NRG Energy to Purchase Reliant Energy

Texas-based electricity provider reliant has been bought by Princeton, NJ's NRG Energy for a whopping $288 million. The deal, pending regulatory approval, could be finalized in June with the Reliant Energy brand name part of the deal as well. The good news is current Reliant customers won't see any changes in their electricity service, with all current locked-in rates rolled over.

For further details on the Reliant deal, check out NRG Energy set to buy Reliant's business, brand from the Houston Chronicle.