TotalEnergies Joins PJM Interconnection to Enhance U.S. Trading Arm

TotalEnergies has joined PJM Interconnection, enabling its U.S. trading arm to engage in physical and financial transactions in the largest wholesale electricity market in North America. The PJM grid serves 65 million end-users across 13 states, offering advanced market tools and data. TotalEnergies can now optimize its energy portfolio and serve customers, having invested nearly $11 billion in the U.S. in the past three years.

TotalEnergies has become a member of PJM Interconnection, the largest wholesale electricity market in North America, enabling its U.S. trading arm to engage in both physical and financial product transactions. The PJM grid serves 65 million end-users across 13 states, offering advanced market tools and data. This membership allows TotalEnergies to optimize its energy portfolio and serve customers more effectively.

TotalEnergies has invested nearly $11 billion in the U.S. over the past three years, focusing on oil, liquefied natural gas (LNG), and low-carbon electricity development. The company is the leading exporter of U.S. LNG, with over 10 million tons of output in 2024. Additionally, TotalEnergies has 10 GW of onshore utility-scale solar, wind, and battery storage installations either completed or under construction in the U.S.

In March 2025, S&P Global Ratings assigned an 'A+' issuer credit rating to TotalEnergies Holdings USA, with a stable outlook, reflecting the company's strong financial position. This membership in PJM Interconnection further underscores TotalEnergies' strategic moves in renewable energy and its ongoing operational adjustments.

References:
[1] https://www.investing.com/news/company-news/totalenergies-joins-pjm-interconnection-largest-us-power-grid-93CH-4128625
[2] https://finance.yahoo.com/news/totalenergies-joins-pjm-interconnection-largest-154200029.html
[3] https://www.prnewswire.com/news-releases/totalenergies-joins-pjm-interconnection-the-largest-power-grid-in-the-united-states-302501420.html