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Update: Retail Energy Holding Company Sells Minority Stake In Company

Retail Energy Broker Sells Minority Stake In Company


September 25, 2023

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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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Updated, 9/26

ResCom Energy, LLC affirmed that it remains a subsidiary of The Power 1 Energy Company as, as such, as part of the transaction originally reported below concerning a ResCom affiliate, "On August 24, 2023, ResCom Energy, LLC’s upstream ownership reflected more than a 10% change when SAT ENG, LLC assumed an ownership interest of 15.73% in The Power 1 Energy Company."

Earlier (9/25):

Broker The Power Company USA, LLC reported that, on August 24, 2023, The Power Company USA, LLC's upstream ownership reflected more than a 10% change when SAT ENG, LLC assumed an ownership interest of 15.73% in The Power 1 Energy Company.

The Power 1 Energy Company is the parent company to The Power Company USA, LLC.

Sichenzia Ross Ference LLP recently announced that it represented The Power Energy 1 Company (the “Company”) in the sale of $3,500,000 of Series A Preferred Stock to a single investor.

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