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Former Calpine Vets Form New Retail Supplier
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Several commodities structurers formerly of Calpine have formed a new commodities firm and retail electric provider, TLG Commodities
TLG Commodities LLC applied for an Option 2 Texas retail electric provider certificate
Option 2 REPs are limited to serving customers 1 MW and larger which provide an affidavit agreeing to such service
Hunter Lee serves as a co-founder and CEO of TLG Commodities. Lee most recently served as Managing Director, Commodity Structuring at Calpine Energy Solutions, having also served in other various roles at Calpine over the past 13 years
Per a public profile, John Grossarth serves as President at TLG Commodities. Grossarth previously served as President at Blue Water Commodities and has held commodities roles at various investment banks
Richa Cook serves as Vice President - Commercial Operations at TLG Commodities. Cook over the past decade has held various roles at Calpine Energy Solutions and Noble Energy, including Commodity Product and Market Specialist and various market and settlements manager and analyst roles
Wyatt Elbin serves as VP, Regulatory Affairs at TLG Commodities, having previously served as Manager, Regulatory Strategy and Analysis at Calpine Energy Solutions, LLC. Elbin has also held roles at Go Sustainable Energy, LLC and BP
Other vets of Calpine Energy Solutions who have joined TLG Commodities, per public profiles, include Cameron Schwartz, Mitchell Thorp, Jeff Bochicchio, Aaron Martin, and Roxanne Wheaton
TLG Commodities provides structured energy products, risk management, and custom power purchase agreements for end use customers
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May 15, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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