Danish Energy Marketer Entering U.S. Electricity Markets, Sells Minority Stake To Goldman Sachs

In Commodities US, LLC has applied for FERC electricity market-based rate authority

In Commodities US, LLC is ultimately a unit of Danish energy trader Incomas Holdings ApS, which describes itself thusly: "InCommodities is a rapidly growing technology based energy trading company with focus on short term power and gas markets across Europe and North America."

In its FERC MBR application, In Commodities US, LLC stated, "InCommodities is a power marketer that intends to sell energy, capacity and ancillary services it purchases from unaffiliated generation entities on a bilateral basis into the markets operated by the California Independent System Operator Corp. ('CAISO'), Midcontinent Independent System Operator, Inc. ('MISO'), Electricity Reliability Council of Texas ('ERCOT'), Southwest Power Pool, Inc. ('SPP'), and PJM Interconnection, LLC ('PJM')."

"InCommodities does not own any generation assets, and does not plan to own any generation assets or contracts for uncommitted capacity in the future," In Commodities US, LLC stated in the application

InCommodities also recently announced that it has agreed to sell a minority stake to Goldman Sachs, subject to regulatory approvals.