Financial backing
MP2 Energy has partnered with Sumitomo Corporation of Tokyo, Japan (http://www.sumitomocorp.com) through its Texas based affiliate Pacific Summit Energy (PSE – www.pacificsummitenergy.com) to deliver a complete energy management package including credit, fuel supply, and power optimization. Sumitomo is a $70 billion asset backed global enterprise with diverse investments across a broad spectrum of businesses. Sumitomo has been in business more than 350 years and is A rated by both Moody’s and S&P.
Sumitomo formed PSE to expand their presence in the North American energy industry and combines the considerable financial resources of its parent, a culture of strong business experience and ethical practice, a wealth of professional knowledge about natural gas, LNG and electricity in conjunction with a global view of commodity finance, trading and transportation. MP2 negotiates and enters into wholesale power and natural gas transactions on behalf of and in the name of PSE. PSE’s extensive list of wholesale counterparties allows MP2 to canvas the market and execute hedges at the best possible level. The combined expertise of MP2 and PSE creates an integrated solution for credit and wholesale supply backed by Sumitomo Corporation.