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Axpo Enters Transaction To Acquire U.S. Retail Suppliers
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American PowerNet Management, LP ("American PowerNet") and APN Starfirst, LP
("Starfirst") (American PowerNet, together with Starfirst, the "Sellers" or "Applicants") have entered into a transaction whereby Applicants will transfer 100% of the Applicants’ partnership interests to
Axpo U.S. LLC and Axpo Retail U.S. LLC (together as "Buyer" or "Axpo").
Following the
closing of the Transaction, American PowerNet and Starfirst will become subsidiaries of Axpo
American PowerNet is a Pennsylvania limited partnership. The American PowerNet
Partnership is comprised of R. Scott Helm, with 49% ("Mr. Helm") partnership interest, Angel
Lee Helm ("Mrs. Helm") with a 50% interest, and 1% interest is held by PowerNet Management,
LLC ("PowerNet Management"), a Pennsylvania limited liability company. PowerNet
Management, LLC is wholly owned by R. Scott Helm.
Starfirst is a Pennsylvania limited partnership. The Starfirst Partnership is comprised of
Mr. Helm, with 48% partnership interest, Mrs. Helm with a 51% interest, and 1% interest is
held by PowerNet Management.
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September 22, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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