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Richmond, Va.-based 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 MWh of electricity to about 52,600 residential and commercial customers, is headquartered in Richardson, Texas.

Closing of the transaction is expected by the end of the third quarter.

"Cirro Energy has provided both outstanding service and value to Texas customers for more than six years," says 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 U.S."

According to the companies, Cirro will become a subsidiary of Dominion Retail and maintain its operations in Texas.

SOURCE: Dominion

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