New BP subsidiary seeks FERC approval tied to effort to sell retail power

摘要

A new BP PLC subsidiary is seeking a key approval from federalregulators that it says it needs before it can start selling power at retailin five U.S. states.BP Energy Retail LLC recently told the Federal Energy RegulatoryCommission that it is aiming to sell electricity directly to commercial,industrial, and residential customers in Illinois, Ohio, Texas, California,and Pennsylvania.