March 7, 2025

Goldman Sachs unit eyes acquisition of California retail electric provider owned by Shell as part of market expansion

A Texas retail energy provider, owned by Goldman Sachs, is making moves to expand into other markets with a new acquisition.

Acquisition Application: Inspire Energy Holdings, a retail electric provider indirectly owned by Shell Plc, has filed an application on March 5 with FERC for authorization of its acquisition by Rhythm Energy, a retail electric provider in Texas indirectly owned by The Goldman Sachs Group Inc. Rhythm Energy will indirectly acquire 100% of Inspire Energy. The application requests expedited consideration. The ...

Details:

Filing Date: March 5, 2025

Docket Numbers:

EC25-61

Short Summary:

Inspire Energy Holdings, a retail electric provider indirectly owned by Shell Plc, has filed an application on March 5 with FERC for authorization of its acquisition by Rhythm Energy, a retail electric provider in Texas indirectly owned by the Goldman Sachs Group. Rhythm Energy will indirectly acquire 100% of Inspire Energy.

Impact Level: 1 - Not Significant: Routine filings, minor procedural matters, or announcements unlikely to have a noticeable effect on markets or policy.

Categories:

Dealmaking & Transactions

Tags: Acquisitions & Dispositions, Retail Electric Services

Entities: Shell Plc, The Goldman Sachs Group Inc.

Markets:

Regions: West

States: California

Regulators: FERC

Courts:

Documents:

Acquisition – Application

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