"Goldman Sachs-backed Electricity Firm Expands Reach to American Homes"
Rhythm Energy, a Houston-based electricity provider backed by a Goldman Sachs private equity fund, has received approval to expand into deregulated power markets across the U.S., potentially reaching 190 million Americans. This move raises questions about Goldman's involvement in an industry criticized for consumer abuse. While Rhythm positions itself as an honest player in the field, concerns about potential conflicts of interest and influence over retail sales, energy generation, and trading in power contracts have been raised.