TotalEnergies Joins PJM Interconnection, the Largest Power Grid in the United States
Rhea-AI Summary
TotalEnergies (NYSE:TTE) has joined PJM Interconnection, North America's largest wholesale electricity market, serving 65 million users across 13 northeastern and mid-Atlantic states. This strategic move enables TTE's U.S. trading arm to participate in both physical and financial product transactions.
The company has invested $11 billion in the U.S. over the past three years, focusing on oil, LNG, and low-carbon electricity. TotalEnergies is the leading U.S. LNG exporter with 10 million tons output in 2024 and has 10 GW of renewable energy capacity installed or under construction. In March 2025, TotalEnergies Holdings USA received an 'A+' credit rating from S&P Global, with a stable outlook.
Positive
- Access to PJM's extensive network serving 65 million end-users across 13 states
- Leading position in U.S. LNG exports with 10 million tons output
- Significant renewable energy presence with 10 GW capacity
- Strong 'A+' credit rating from S&P Global
- $11 billion investment in U.S. operations over past three years
Negative
- None.
News Market Reaction
On the day this news was published, TTE gained 0.84%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Spread across 13 states, PJM offers an extensive network and resources, including real-time and day-ahead energy markets. TotalEnergies can now access PJM's advanced market tools and data, enabling its
TotalEnergies in
TotalEnergies is deploying its integrated energy model across
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
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Cautionary Note
The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
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SOURCE TotalEnergies
FAQ
What does TotalEnergies' membership in PJM Interconnection mean for the company?
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