Oil Major Seeks Option 1 Texas Retail Electric Provider Certificate (Ability To Serve All Customers)

Total Gas & Power North America, Inc. has applied for an Option 1 Texas retail electric provider certificate

Option 1 REPs may serve all customer classes without restriction (as compared to Option 2 REPs, which limits service to customers 1 MW or larger)

Total Gas & Power North America did not seek authority to collect deposits or advance payments from customers

Total SA, Total Gas & Power North America's parent, has acquired several retail customer-facing businesses in the electric industry.

Total SA owns a majority stake in SunPower and recently agreed to buy Saft Groupe SA, a French provider of batteries and electricity storage.