Update On New Mitsubishi Retail Energy Subsidiary Seeking Texas REP Certificate

Diamond Energy TX, LLC, the subsidiary of Mitsubishi Corporation that is seeking an option 1 Texas retail electric provider certificate, has filed an amended application to remove the authority for the option of collecting deposits or advance payments from customers

The creation of several Diamond Energy subsidiaries by Mitsubishi Corporation, with the intent to operate as retail electric providers in various markets and the specific Texas REP application, had been first reported by EnergyChoiceMatters.com earlier this year (see details here)

Since our initial story, Diamond Energy TX, LLC adopted its current name and ceased use of the name Diamond Energy ERCOT, LLC