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May 27, 2021
Western Community Energy (WCE or the Authority), a community choice aggregation in California, has filed a Chapter 9 bankruptcy petition in federal court, stating that, without restructuring, WCE will be insolvent no later than May 30, 2021, and will not be able to pay its obligations
May 26, 2021
ERCOT has formally initiated the mass transition of Brilliant Energy's non-residential customers to Providers of Last Resort (POLRs)
May 26, 2021
Earlier: Just Energy Group Provides Update On Creditors Arrangement Act Process
Pacific Investment Management Company LLC (PIMCO), which through various vehicles owns nearly 30% of Common Shares of Just Energy Group Inc., has filed an amended Schedule 13D with the U.S. SEC which reveals that PIMCO has engaged advisors to assist in a review and evaluation of strategic…
May 26, 2021
Earlier: Just Energy Group Provides Update On Creditors Arrangement Act Process
Pacific Investment Management Company LLC (PIMCO), which through various vehicles owns nearly 30% of Common Shares of Just Energy Group Inc., has filed an amended Schedule 13D with the U.S. SEC which reveals that PIMCO has engaged advisors to assist in a review and evaluation of strategic…
May 24, 2021
A bankruptcy court has given approval for the sale process and competitive bidding procedures proposed by Liberty Power Holdings, LLC (the Debtor), for sale of substantially all of the Debtor’s assets
May 20, 2021
Approving relief sought by the Trustee of Brilliant Energy LLC (the "Debtor"), a federal bankruptcy court ordered the mass transition of Brilliant Energy's remaining customers -- which are commercial customers -- to the provider(s) of last resort (POLR)
May 19, 2021
Liberty Power Holdings, LLC (the Debtor) has sought approval from a bankruptcy court to initiate, under competitive bidding procedures filed with the court, the sale of substantially all of the Debtor’s assets
May 18, 2021
The Trustee for Texas retail electric provider Brilliant Energy (Debtor) has sought bankruptcy court approval to drop its commercial customers (which represent its remaining customer book) to the provider(s) of last resort (POLR)
May 14, 2021
The trustee for Brilliant Energy (Debtor) said in a May 14 court filing that the trustee is still attempting to sell the Debtor’s commercial contracts, and the trustee expects to succeed or fail in that effort by May 28, 2021.
May 10, 2021
--- Octopus Notes Goal To Invest $100M In U.S. Energy Market, Targets 25 Million Accounts
Octopus Energy US formally announced that it has signed an agreement to acquire the residential customer book of Texas retail electric provider Brilliant Energy LLC, which had been exclusively first reported by EnergyChoiceMatters.com on May 5
May 5, 2021
Liberty Power Holdings, LLC (the 'Debtor' or 'Liberty') sought bankruptcy court approval to obtain DIP Financing from Boston Energy Trading and Marketing, LLC (BETM) or its designee or assignee (DIP Lender) in an amount equal to $4,000,000 on an interim basis, and thereafter in an amount up to…
May 5, 2021
A bankruptcy court approved the sale of Brilliant Energy LLC's residential customer book and related assets to Evolve Retail Energy LLC d/b/a Octopus Energy US, as described in our prior story below
May 5, 2021
A bankruptcy court approved the sale of Brilliant Energy LLC's residential customer book and related assets to Evolve Retail Energy LLC d/b/a Octopus Energy US, as described in our prior story below
April 30, 2021
Vistra Is Watching Market, Don't Be Surprised By Retail Acquisitions In Next Year Or Two
During a call earlier this week updating investors on the impact to Vistra from the ERCOT winter weather event (see story here) , Vistra's chief executive officer Curt Morgan said that the company is "absolutely" interested in opportunistic retail growth
April 23, 2021
A bankruptcy court has granted a motion, in its entirety, directing Liberty Power Corp. ('ParentCo' or 'LPC') to turn over all books, records, systems and processes of and related to the operation of Liberty Power Holdings (the 'Debtor' or 'Holdings'), which has filed for Ch. 11 bankruptcy…
April 22, 2021
Warns Of Customer Switches, Destruction Of Value To Sale Process If Commissions Not Paid
The bankruptcy Trustee of Brilliant Energy LLC (the "Debtor") sought a court order authorizing the Trustee to pay commissions owed to brokers under contracts which existed prior to Brilliant's bankruptcy petition
April 21, 2021
Liberty Power Holdings LLC ("Liberty" or the "Company") issued a statement concerning its filing of a voluntary petition for reorganization under Chapter 11, stating that it, "remains open and serving customers."
April 21, 2021
Liberty Power Holdings LLC ("Liberty" or the "Company") issued a statement concerning its filing of a voluntary petition for reorganization under Chapter 11, stating that it, "remains open and serving customers."
April 13, 2021
The Chapter 7 Trustee (the 'Trustee') for the estate (the 'Estate') of Brilliant Energy, LLC (the 'Debtor') has requested that a bankruptcy court approve a proposed sale process to dispose of Brilliant's retail customer contracts, associated receivables, and associated power hedges (the 'Assets')
April 5, 2021
Trustee Re-engages Former Employees To Resume Customer Billing, Customer Service Backlog
April 2, 2021
Just Energy Group Inc. ('Just Energy' or the 'Company') announced that its current Chairman of the Board, Anthony Horton, has been appointed as Executive Chair of the Company by the Board to, among other things, "oversee and provide strategic direction with respect to the exploration and…
April 2, 2021
Trustee Re-engages Former Employees To Resume Customer Billing, Customer Service Backlog
March 30, 2021
Price For Prior Book Sales To Rhythm, NRG Disclosed
Entrust Energy (and affiliates, collectively known as the Debtors) has filed with a bankruptcy court a declaration in support of its bankruptcy which provides certain information regarding Entrust activities leading up to, and after, the ERCOT winter event
March 30, 2021
Entrust Energy, Inc., along with certain affiliates including Entrust Energy East, Inc. and Power of Texas Holdings, Inc., have filed voluntary petitions for bankruptcy under Chapter 11 in the Southern District of Texas
March 24, 2021
PUC Directs Retail Supplier Undergoing Reorganization Under Bankruptcy Code To Report On Ability To Serve Existing Customers, Enroll New Customers, Meet Collateral Obligations
