May 6, 2025
Goldman Sachs unit gains U.S. approval to acquire California retail electric provider from Shell
The purchase advances the Texas-based retail electric service provider’s plans to expand into other markets.
Details:
Filing Date: May 2, 2025
Docket Numbers:
Short Summary:
Rhythm Energy Inc., a retail electric provider in Texas indirectly owned by The Goldman Sachs Group Inc., won approval from FERC to acquire Inspire Energy Holdings LLC, a retail electric provider indirectly owned by Shell Plc.
Impact Level:
Categories:
Entities: Shell Plc, The Goldman Sachs Group Inc.
Markets: California ISO (CAISO)
Regions: West
States: California
Regulators: FERC
Courts:
Read Also:
Goldman Sachs unit eyes acquisition of California retail electric provider owned by Shell as part of market expansion
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