Retail Supplier To Contribute 100% Of Its Equity Interests To Joint Venture With Another Supplier
July 2, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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By the end of 2021, Dominion Energy, Inc. will contribute 100% of its equity interests in retail supplier Dominion Energy Solutions, Inc. to Wrangler Retail Gas Holdings, Inc. (Wrangler), the previously reported joint venture owned 80% by Interstate Gas Supply, Inc. and 20% by Dominion Energy, Inc.
Such transaction will represent all of the remaining retail energy marketing operations of Dominion Energy Solutions, which primarily consists of natural gas customers in Pennsylvania. The transaction will also include natural gas customers in Maryland
After this latest contribution, Wrangler will subsequently transfer such customers to IGS Retail, LLC, a wholly owned subsidiary of Wrangler.
IGS Energy filed similar petitions in Pennsylvania and Maryland concerning the latest transaction, seeking authorization that would essentially allow IGS to serve these customers under its existing license, rather than being required to obtain a new, separate license for the entities involved in the transaction