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October 15, 2019
FES, With Retail Electric Supply Business, Prepares To Be Stand-Alone Company
FirstEnergy Solutions Corp. ("FES") and FirstEnergy Nuclear Operating Company ("FENOC" and with FES, the "Company") today announced that, "the U.S. Bankruptcy Court Judge overseeing the Chapter 11 restructuring will confirm the Company's Plan of Reorganization ('the Plan'), enabling the Company to…
October 7, 2019
The Chapter 11 bankruptcy filing of Agera Energy LLC and affiliates (the Debtors) reveals that Constellation's (Exelon Generation Company, LLC, or Exelon) acquisition of the Agera customer book is subject to a bid process under which Exelon has been named the stalking horse bidder
October 4, 2019
Agera Energy and its affiliates have filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court, Southern District of New York and is facilitating an asset sale to Constellation, a subsidiary of Exelon Corporation, subject to bankruptcy court approval. If approved by the…
July 30, 2019
FirstEnergy Solutions Corp. ("FES" or "Company") has named the members of its Board of Directors (the "Board") for the reorganized company ("New Holdco") and their roles will become effective once the Debtors' successfully emerge from the Chapter 11 process.
June 27, 2019
A bankruptcy court has approved the retention of Drexel Hamilton, LLC, as broker to the Trustee, to assist the Trustee in a process to conduct a sale of the equity interest of Big Apple Energy LLC and Clear Choice Energy LLC (both of which are subject to Chapter 7 bankruptcy proceedings, hereafter…
June 20, 2019
FERC has denied a complaint filed against the New York ISO by Light Power & Gas of NY LLC (LPGNY)
May 6, 2019
Note: EnergyChoiceMatters.com was first to report at 3:44 p.,m. on May 6 that Great Eastern Energy was dropping additional customers to default service, with an exclusive alert to our email alert subscribers
April 19, 2019
FES Says Revision Provides Path For Company To Successfully Conclude Chapter 11 In 2019
FirstEnergy Solutions Corp. ("FES" or the "Company") today announced that the Company has entered into an agreement with FirstEnergy Corp. ("FE") that eliminates the non-consensual third-party releases from the Company's proposed plan of reorganization that the U.S. Bankruptcy Court addressed in its…
April 15, 2019
The Pennsylvania PUC denied a request from FirstEnergy Solutions Corp. (FES), filed on March 18, for a reduction in FES's electric generation supplier financial security level from 10% to 5% of its most recent four quarters of revenue.
April 9, 2019
In a filing with the Massachusetts DPU ("Department), Union Atlantic Electricity, LLC (UAE) stated that, "at this juncture it will not be possible to get new investment in UAE, and the business must terminate."
April 5, 2019
FES To File Revised Disclosure Statement
A federal bankruptcy judge said from the bench yesterday that a disclosure statement that is part of the bankruptcy plan of FirstEnergy Solutions Corp. (FES) is, "patently unconfirmable," as the judge hit provisions in such statement which would release FirstEnergy Corp. from environmental…
April 4, 2019
Nora Mead Brownell To Join PG&E Board
PG&E Corporation (the 'Company," and together with Pacific Gas and Electric Company, "PG&E") today announced the appointment of William "Bill" Johnson as Chief Executive Officer and President and the appointment of 10 new directors to its Board of Directors (the "Board").
March 25, 2019
Revenue Source Group, Inc. applied for Ohio electric and natural gas broker/aggregator licenses to serve all sizes of non-residential customers in all service areas. Revenue Source Group offers bill auditing and related services for electricity, natural gas, and other utilities
March 21, 2019
FirstEnergy Solutions Corp. has requested that the Public Utilities Commission of Ohio grant an additional 180-day extension of its retail electric supplier certificate through October 28, 2019.
February 20, 2019
Great Eastern Energy in a letter to PURA provided further detail on the return of its New England customers to default service and the retirement of its ISO-NE load asset IDs, confirming that all of its customers in the ISO-NE markets (MA, CT) are being returned to default service.
February 15, 2019
BBPC, LLC d/b/a Great Eastern Energy, along with GEEnergy Holding Co. LLC (Debtors), have filed voluntary petitions for bankruptcy under Chapter 11
January 23, 2019
Will Terminate Agreement To Sell Retail Business To Constellation
FirstEnergy Solutions Corp. ("FES" or the "Company") today announced that the Company, the official committee of unsecured creditors (the "Committee"), two creditor groups representing a majority in aggregate amount of the Debtors' funded indebtedness and sale-leaseback certificates (the "Ad Hoc…
January 14, 2019
CEO Departs PG&E Corp., Interim CEO Named
PG&E Corporation (the "Company") said that it is preparing to initiate voluntary reorganization proceedings under Chapter 11.
November 16, 2018
Starion Energy, Inc. and several affiliates have filed voluntary petitions under Chapter 11 with the United States Bankruptcy Court for the District of Delaware
October 29, 2018
An attorney examiner for the Public Utilities Commission of Ohio granted FirstEnergy Solutions Corp. (FES) an extension of its existing retail electric supplier certificate that was set to expire on November 2, 2018.
October 23, 2018
FirstEnergy Solutions Corp. (FES) sought from the Public Utilities Commission of Ohio a 120-day extension of its certificate as a Competitive Retail Electric Service Provider, Renewal Certificate Number 00- 11E(9) ('Certificate'), through March 2, 2019.
August 29, 2018
FirstEnergy Solutions informed a bankruptcy court that it did not receive any qualified bids (other than the qualified bid submitted by the Stalking Horse Purchaser, which is Constellation) for its retail customer book prior to a bid deadline.
August 28, 2018
Note: This story was first published the evening of Aug. 28 with an alert to our email subscribers
July 10, 2018
Agreement Is Stalking Horse, Opportunity For Other Bidders
Note: This story was first published the evening of July 10 with an alert to our email subscribers
June 28, 2018
The Pennsylvania PUC denied a request for reconsideration from FirstEnergy Solutions (FES) which had sought reconsideration of a Secretarial Letter issued on April 18, 2018, by the Commission’s Bureau of Technical Utility Services (TUS or Staff), which had raised FES's financial security level from…
