New Mitsubishi Retail Energy Subsidiary Seeks License In New State

Diamond Energy East, LLC, the new retail energy supplier which is ultimately a subsidiary of Mitsubishi Corporation, applied for an Ohio electric supplier license to serve all customer classes in all service areas

Mitsubishi's creation of Diamond Energy to operate as a retail energy supplier had been first reported by EnergyChoiceMatters.com (see more background on the company here, including several retail energy vets who have joined the supplier)

"Applicant is a subsidiary of Diamond Energy Solutions, LLC, which itself is a subsidiary of Diamond Generating Corporation, a worldwide leader in safe, clean electricity generation and energy services. Diamond Generating Corporation is a wholly-owned subsidiary of Mitsubishi Corporation. Diamond Generating Corporation is launching a retail energy business through the creation of several retail energy subsidiaries with plans to operate in multiple North American energy markets under the trade name of Diamond Energy," Diamond Energy East said in the Ohio application

"Applicant intends to provide retail electric commodity service to all end-use customer types in Ohio, including residential, commercial, industrial, mercantile and municipal aggregation customers. Applicant may also offer additional energy-related products, which may include but are not limited to voluntary green energy products, the procurement of renewable energy certificates, demand response, distributed energy products or services, home energy management devices, energy management services, home service plans or other bundled products and services," Diamond Energy East said in the Ohio application