Goldman Sachs
HQ: USAlisted on Coalpolicytracker.org

| Expansion | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Loans | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Underwriting | 2022 | 2023 | 2024 | 2025 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NRG Energy IncNRG Finance Co I LLC (based on GCEL 2025) | $420M | $47M | $19M | $ | $9M | $8M | $10M | $420M | $56M | $27M | $11M | $513M | ||||||||||||||||
| Duke Energy CorporationDuke Capital Financing Trust I, Duke Capital Financing Trust II, Duke Energy Capital Trust II, Duke Energy Carolinas LLC, Duke Energy Florida LLC, Duke Energy Florida Project Finance LLC, Duke Energy Indiana LLC, Duke Energy Kentucky Inc, Duke Energy Ohio Inc, Duke Energy Progress LLC, PROGRESS CAPITAL HOLDINGS INC, Progress Energy Inc (based on GCEL 2025) | $56M | $43M | $48M | $64M | $66M | $12M | $37M | $120M | $110M | $12M | $85M | $326M | ||||||||||||||||
| Peabody Energy CorpWilpinjong Coal Pty Ltd (based on GCEL 2025) | mining | $117M | $69M | $125M | $241M | Not On GCEL Change in Company Structure | $69M | $310M | ||||||||||||||||||||
| The Southern CompanyAlabama Power Capital Trust I, Alabama Power Capital Trust II, Alabama Power Capital Trust III, Alabama Power Capital Trust V, Alabama Power Co, Georgia Power Capital LP, Georgia Power Capital Trust, Georgia Power Capital Trust II, Georgia Power Capital Trust III, Georgia Power Capital Trust V, Georgia Power Capital Trust VI, Georgia Power Capital Trust VII, Georgia Power Co, Southern Co Capital Funding Inc, Southern Co Capital Trust I, Southern Co Capital Trust II, Southern Co Capital Trust III, Southern Co Capital Trust IV, Southern Co Capital Trust V, Southern Co Capital Trust VI, Southern Company Gas Capital Corporation (based on GCEL 2025) | $59M | $49M | $69M | $42M | $21M | $54M | $42M | $79M | $49M | $124M | $294M | |||||||||||||||||
| PPL CorporationKentucky Utilities Co, LG&E and KU Energy LLC, Louisville Gas & Electric Co, PPL Capital Funding Inc (based on GCEL 2025) | $25M | $54M | $98M | $114M | Not On GCEL Change in Company Structure | $124M | Not On GCEL Change in Company Structure | $167M | $291M | |||||||||||||||||||
| American Electric Power Company Inc (AEP)AEP Credit Inc, AEP Generating Co, Appalachian Power Co, Indiana Michigan Power Co, Kentucky Power Co, Ohio Power Co, Public Service Co of Oklahoma, Southwestern Electric Power Company, Wheeling Power Co (based on GCEL 2025) | $10M | $37M | $36M | $95M | $8M | $74M | $36M | $105M | $45M | $74M | $260M | |||||||||||||||||
| RWE AGRWE Finance US, LLC, RWE Power AG (based on GCEL 2025) | $53M | $33M | $46M | $76M | $53M | $33M | $46M | $76M | $208M | |||||||||||||||||||
| CenterPoint Energy IncHouston Industries Financeco LP, Reliant Energy Finance Co III, SIGECO Securitization I LLC, Southern Indiana Gas and Electric Company, Vectren Capital Corp, Vectren LLC (based on GCEL 2025) | $36M | $53M | $50M | $38M | $25M | $36M | $50M | $38M | $78M | $202M | ||||||||||||||||||
| Evergy IncAquila Capital LP, Evergy Kansas Central Inc, Evergy Kansas South Inc, Evergy Metro Inc, Evergy Missouri West Inc (based on GCEL 2025) | $64M | $8M | $75M | $15M | $29M | $8M | $139M | $15M | $29M | $190M | ||||||||||||||||||
| Ameren CorporationUnion Electric Co (based on GCEL 2025) | $36M | $63M | $60M | $36M | $63M | Not On GCEL Change in Company Structure | $60M | $159M | ||||||||||||||||||||
| Alliant Energy CorporationAlliant Energy Finance LLC, Interstate Power and Light Co, Wisconsin Power and Light Company (based on GCEL 2025) | $16M | $38M | $25M | $31M | $15M | $32M | Not On GCEL Change in Company Structure | $47M | $53M | $57M | $157M | |||||||||||||||||
| Xcel Energy IncNorthern States Power Co - Minnesota, Public Service Company of Colorado, Southwestern Public Service Capital I, Southwestern Public Service Company (based on GCEL 2025) | $35M | $21M | $25M | $23M | $16M | $20M | $60M | $23M | $16M | $41M | $140M | |||||||||||||||||
| Berkshire Hathaway IncBerkshire Hathaway Energy Company, BNSF Railway Co, Bridger Coal Co, Burlington Northern Santa Fe LLC, MidAmerican Energy Co, PacifiCorp, PacifiCorp Capital Corp, PacifiCorp Capital I, PacifiCorp Capital II, PacifiCorp Financial Services Inc, Sierra Pacific Power Co (based on GCEL 2025) | $21M | $20M | $34M | $49M | $21M | $20M | $34M | $49M | $125M | |||||||||||||||||||
| WEC Energy Group IncElm Road Generating Station Supercritical LLC, Wisconsin Electric Power Company, Wisconsin Public Service Corporation (based on GCEL 2025) | $28M | $10M | $17M | $30M | $35M | $10M | $17M | $30M | $64M | $121M | ||||||||||||||||||
| CMS Energy CorpConsumers Energy Co, Consumers Energy Co Finance III, Consumers Energy Co Financing IV, Consumers Power Co Financing I (based on GCEL 2025) | $17M | $36M | $14M | $28M | $17M | $36M | $14M | $28M | $95M | |||||||||||||||||||
| Intermountain Power Agency | $22M | $29M | $9M | $22M | $29M | $9M | $59M | |||||||||||||||||||||
| Sasol LtdSasol Financing International Ltd, Sasol Financing (Pty) Ltd, Sasol Financing USA LLC, Sasol Mining Pty Ltd (based on GCEL 2025) | mining | $48M | Not On GCEL Change in Company Structure | $48M | Not On GCEL Change in Company Structure | $48M | ||||||||||||||||||||||
| NiSource IncNiSource Capital Markets, Inc., NiSource Finance Corp, Northern Indiana Public Service Company LLC (based on GCEL 2025) | $10M | $19M | $18M | $10M | Not On GCEL Change in Company Structure | $19M | $18M | $47M | ||||||||||||||||||||
| Orica Ltd | $37M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $37M | $37M | |||||||||||||||||||||||
| Mitsubishi CorporationMitsubishi Corporation Finance PLC (based on GCEL 2025) | power | $4M | $11M | $16M | Not On GCEL Change in Company Structure | $4M | $11M | $16M | $31M | |||||||||||||||||||
| Basin Electric Power CooperativeDakota Coal Co, Dakota Gasification Co (based on GCEL 2025) | $17M | $13M | $17M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $13M | $30M | |||||||||||||||||||||
| Enel SpAEnel Finance International NV, Enel Investment Holding BV, Endesa Financiacio?n Filiales SA, Enel Finance America LLC (based on GCEL 2023) | $18M | $10M | $18M | $10M | Not On GCEL Change in Company Structure | $28M | ||||||||||||||||||||||
| Alliance Resource Partners LPAlliance Coal LLC, Alliance Resource Operating Partners LP, Mount Vernon Transfer Terminal LLC, River View Coal LCC (based on GCEL 2025) | $9M | $18M | Not On GCEL Change in Company Structure | $9M | $18M | $27M | ||||||||||||||||||||||
| The AES CorporationAES Andes SA, AES Argentina Generacion SA, AES Indiana, AES Mong Duong Power Co Ltd, AES Ohio, DPL Capital Trust II, DPL Inc, Empresa Electrica Angamos SpA, Empresa Electrica Cochrane SpA, IPALCO ENTERPRISES INC, Mong Duong Finance Holdings BV (based on GCEL 2025) | $18M | $7M | $18M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $7M | $25M | |||||||||||||||||||||
| BHP Group LtdBHP Billiton Finance BV, BHP Billiton Finance Ltd, BHP Billiton Finance plc, BHP Billiton Finance (USA) Ltd, BHP Finance Ltd, Hunter Valley Energy Coal Pty Ltd, WMC Finance (USA) Ltd (based on GCEL 2025) | mining | $25M | Not On GCEL Change in Company Structure | $25M | Not On GCEL Change in Company Structure | $25M | ||||||||||||||||||||||
| Sumitomo CorporationPT Central Java Power, Sumitomo Corp Capital Netherlands BV, Sumitomo Corporation Capital Europe PLC, Van Phong Power Co Ltd (based on GCEL 2025) | $8M | $17M | Not On GCEL Change in Company Structure | $8M | $17M | $25M | ||||||||||||||||||||||
| Origin Energy LtdOrigin Energy Finance Ltd (based on GCEL 2025) | $5M | $17M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $22M | $22M | ||||||||||||||||||||||
| China Huaneng Group Co LtdChina Huaneng Group (Hong Kong) Treasury Management Holding Ltd, Huaneng Capital Services Co Ltd, Huaneng Coal Co Ltd, Huaneng Gansu Energy Development Co Ltd, Huaneng Inner Mongolia East Energy Co, Huaneng International Power Development Corp, Huaneng Lancang River Hydropower Co Ltd , Huaneng Xinjiang Energy Development Co Ltd, Huaneng Xinjiang Zhundong Energy Development Co Ltd, Huaneng Yimin Coal-Electricity Co Ltd, Huaneng Yuwang II (Yunnan) Energy Co Ltd, Inner Mongolia Beiliandian Energy Development Co Ltd, Inner Mongolia Mengdian Huaneng Thermal Power Co Ltd, Manzhouli Dalaihu Thermal Power Co Ltd, North United Power Co Ltd, Zhalai Nuoer Coal Industry Co Ltd (based on GCEL 2025) | power, mining, infrastructure | $18M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $18M | $18M | ||||||||||||||||||||||
| Dominion Energy IncVirginia Electric and Power Co, Dominion Energy South Carolina Inc (based on GCEL 2023) | $15M | $15M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $15M | |||||||||||||||||||||||
| Ramaco Resources IncBrook Mining Co LLC, Ramaco Carbon LLC (based on GCEL 2025) | mining | $14M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $14M | $14M | |||||||||||||||||||||
| Vistra CorpDynegy Midwest Generation LLC, Luminant Mining Co LLC, Vistra Finance Corp (based on GCEL 2025) | $12M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $12M | $12M | |||||||||||||||||||||||
| CONSOL Energy Inc | power | $12M | $12M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $12M | ||||||||||||||||||||||
| Trafigura Group Pte LtdTrafigura Group Pte Ltd (based on GCEL 2023) | 0 | $9M | Not On GCEL Change in Company Structure | $9M | Not On GCEL Change in Company Structure | $9M | ||||||||||||||||||||||
| ContourGlobal LtdContourGlobal Finance Holding S.a.r.l., ContourGlobal Finance Topco S.a.r.l., ContourGlobal Maritsa East 3 AD, ContourGlobal Power Holdings SA (based on GCEL 2025) | $7M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $7M | $7M | ||||||||||||||||||||||
| Oglethorpe Power Corporation | $5M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $5M | $5M | |||||||||||||||||||||||
| ORLEN SAEnerga Finance AB, Energa SA (based on GCEL 2025) | $5M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $5M | $5M | ||||||||||||||||||||||
| Public Power Corporation SAPublic Power Corp Finance PLC (based on GCEL 2025) | $5M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $5M | $5M | |||||||||||||||||||||||
| Fortis IncTucson Electric Power Co, UNS Energy Corporation (based on GCEL 2025) | $4M | $4M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $4M | |||||||||||||||||||||||
| South Carolina Public Service Authority | $4M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $4M | $4M | |||||||||||||||||||||||
| Uniper SEUniper Kraftwerke GmbH (based on GCEL 2025) | $2M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $2M | $2M | |||||||||||||||||||||||
| Adarsh Advisory Services Pvt LtdJSW Cement Ltd (based on GCEL 2025) | mining | $2M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $2M | $2M | |||||||||||||||||||||
| Grand River Dam Authority | $ | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $ | $ |