TotalEnergies has officially become a member of PJM Interconnection, North America’s largest wholesale electricity market, enabling its U.S. trading division to engage in both physical and financial energy transactions. PJM serves approximately 65 million electricity users across the northeastern and mid-Atlantic regions of the United States, covering 13 states.
With this membership, TotalEnergies gains access to PJM’s sophisticated energy trading systems, including real-time and day-ahead markets. These resources will assist the company’s Houston-based trading hub in optimizing its energy portfolio and enhancing service to its U.S. customers.
TotalEnergies is actively executing its integrated energy model throughout the U.S., where it has been operational since 1957. In the past three years alone, the company has invested nearly $11 billion in the U.S. to expand its presence in oil, liquefied natural gas (LNG), and low-carbon electricity. It currently ranks as the leading exporter of U.S. LNG, with over 10 million tons of output anticipated in 2024. Its LNG operations are bolstered by gas production in Texas and offshore regions, encompassing the entire LNG value chain.
The U.S. also plays a crucial role in TotalEnergies’ Integrated Power strategy. The company has 10 gigawatts (GW) of utility-scale solar, wind, and battery storage projects either installed or in development. This diversified energy strategy supports the company’s commitment to a lower-carbon future.
In recognition of its robust financial foundation, S&P Global Ratings assigned an ‘A+’ credit rating with a stable outlook to TotalEnergies Holdings USA in March 2025. The rating reflects the financial health and strategic significance of the company’s U.S. operations, which are wholly owned by TotalEnergies.
source: TotalEnergies
