Bankruptcy Court Approves Sale Of Agera Energy Customers To Constellation

A federal bankruptcy court has approved the sale of various Agera Energy LLC, Aequitas Energy, Inc. and energy.me midwest llc retail energy customer contracts to Exelon Generation Company, LLC (Constellation)

As exclusively first reported by EnergyChoiceMatters.com, no competing bids were received in an auction for which Constellation had been selected as the stalking horse bidder

At the time the sale was first announced, the Agera suppliers were serving approximately 35,000 customers, comprised of over 75,000 accounts in California, Connecticut, Delaware, District of Columbia, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas and Virginia

As previously reported, on October 3, 2019, the Debtors and Exelon Generation Company, LLC executed an Asset Purchase Agreement, pursuant to which Exelon will serve as the stalking horse bidder to acquire a "significant portion" of the Debtors’ customer contracts for $24,750,000.00, subject to certain adjustments