EDF Trading moves into the Midwest in deal with ConocoPhillips

EDF Trading said Thursday it has acquired the Midwest commercial and industrial natural gas portfolio from ConocoPhillips.

Financial details of the transaction were not disclosed, but EDF Trading chief executive John Rittenhouse said the deal will allow the company to expand into the Midwest market.

“This is an important acquisition for us … and will allow us to offer power as well as gas to this strategically important customer base,” he said in a statement.

The business currently sells nearly 50 billion cubic feet of gas per year to 200 commercial and industrial customers in Indiana, Michigan, Illinois, Wisconsin, Ohio and Kentucky.

Nine employees based out of Merrillville, Indiana will move to EDF Trading’s commercial and industrial supply team, according to EDF, which currently provides retail electricity supply to commercial and industrial clients in Texas, California, New York and Illinois.