Mitsubishi Subsidiary Creates New Retail Energy Company In U.S.
March 16, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Diamond Retail Energy,
LLC applied for FERC market-based rate authority
Diamond Retail Energy, "intends to trade and
market wholesale energy, capacity, and ancillary services within the wholesale markets operated
by PJM Interconnection, L.L.C. ('PJM'), ISO New England Inc. ('ISO-NE'), New York
Independent System Operator, Inc. ('NYISO'), and the Midcontinent Independent System
Operator Inc. ('MISO')."
"In addition to the markets specified above, Diamond Retail Energy intends to trade and market wholesale energy
and ancillary services within the wholesale markets operated by the Electric Reliability Council of Texas," Diamond Retail Energy stated in its FERC MBR application
Diamond Retail Energy is wholly owned by Diamond Retail
Holdings, LLC ('Retail Holdings'). Retail Holdings is a wholly-owned subsidiary of Diamond
Energy Solutions, LLC, which is wholly owned by Diamond Generating Corporation ('DGC').
DGC is a wholly-owned subsidiary of Mitsubishi Corporation (Americas), which is, in turn, a
wholly-owned subsidiary of Mitsubishi Corporation, a publicly-traded Japanese corporation.
Through various subsidiaries, DGC owns interests in electric power generation facilities in various
markets in the United States
Among other services, DGC provides project development, energy management, and solar and storage solutions
Among Diamond Retail Energy's affiliates are Boston Energy
Trading and Marketing LLC