March 11, 2025

FERC approves Citigroup unit’s bid to enter wholesale energy market

Citi Prepaid gains approval to sell energy, capacity, and ancillary services, joining Citigroup Energy Inc. and Citigroup Commodities Canada ULC.

Green Light: FERC authorized Citigroup Inc.'s Citi Prepaid Energy LLC (Citi Prepaid) to sell energy, capacity, and ancillary services at market-based rates, effective March 19. The authorization was granted on March 7. The Backstory: Citi Prepaid applied for market-based rate authority on Jan. 17. FERC found Citi Prepaid met the eligibility criteria in all regions. SW Insight: The approval enables ...

Details:

Filing Date: March 7, 2025

Docket Numbers:

ER25-972

Short Summary:

FERC authorized Citigroup Inc.’s Citi Prepaid Energy LLC (Citi Prepaid) to sell energy, capacity, and ancillary services at market-based rates, effective March 19. The authorization was granted on March 7, 2025.

Impact Level:

Categories:

Dealmaking & Transactions

Tags: Market-Based Rate Authority, Power Marketing Services

Entities: Citigroup Inc.

Markets:

Regions:

States:

Regulators: FERC

Courts:

Documents:

Market Based Rates – Application