Shell said that the agreement is expected to be finalized in the early portion of the first quarter of 2009, providing the completion of some contractual requirements and the receipt of necessary regulatory approvals.
Mark Quartermain, president of Shell Energy North America, said: “We are pleased to finalize this agreement with Enspire Energy. We look forward to increase Shell Energy’s scale, resources and market knowledge added through the acquisition of Enspire Energy.”
Jim Lukas, president and CEO of Enspire, said: “Enspire’s regional expertise combined with Shell’s assets and financial strength will help us provide an increased array of products while maintaining the service to which our customers are accustomed.”
Enspire Energy is a natural gas marketing company with offices in Annapolis, Maryland and Norfolk, Virginia. The company provides energy services for commercial and industrial accounts in the Mid-Atlantic region. Enspire Energy provides products and services, including risk management, market analysis and utility tariff savings.
