|
|
|
|
|
Retail Supplier To Contribute 100% Of Its Equity Interests To Joint Venture With Another Supplier
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
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
As first reported by EnergyChoiceMatters.com, Dominion Energy, Inc. previously contributed to Wrangler the entity SCANA Energy Marketing and also the Dominion Energy Solutions Ohio customer books.
ADVERTISEMENT Copyright 2010-21 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
July 2, 2021
Email This Story
Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Associate Director of Market Strategy -- New York/Anywhere
• NEW! -- Energy Risk Professional -- Retail Supplier -- Houston
• NEW! -- Energy Customer Support Specialist -- Retail Supplier -- Houston
• NEW! -- Business Development Account Executive - Indirect Broker Sales -- Retail Supplier -- Houston
• NEW! -- Customer Engagement Manager -- Retail Supplier -- Houston
• NEW! -- Energy Customer Service Specialist
• NEW! -- Energy Sales Executive
• NEW! -- Senior Energy Intelligence Analyst
• NEW! -- Energy Advisor
|
|
|
|