Great Eastern Energy logo and chapter 11 newspaper illustration

BROOKLYN, NY — In a letter sent via email to its channel partners today, Brooklyn, NY based electricity and natural gas supplier Great Eastern Energy (“GEE”) has stated that all its remaining customers are going back to the utility.

The letter signed by GEE manager Allan Brenner states that:

“Please be advised that due to circumstances beyond our control, Great Eastern Energy will be returning all customers back to default service. Accordingly, you are free to transfer your customers to an ESCO of your own choosing. GEE will be waiving any and all early termination fees associated with the customer contracts.”

This announcement follows a notice of cancelation of the auction and sale hearing filed this past Friday. The notice states:

“the Debtors, after consultation with Macquarie, have determined that no acceptable and/or qualified bids have been received with respect to all other assets of the Debtors (other than RECS) and, consequently, the Auction and Sale Hearing are canceled.”

As previously reported on Energy Pages, on February 14, 2019, 1515 GEEnergy Holding Co. LLC and BBPC LLC (the “Debtors”) filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under the provisions of Chapter 11 of the United States Bankruptcy Code. The Debtors continue to operate their businesses and manage their properties as debtors-in-possession.

Energy Pages reached out to GEE stakeholders who declined to comment.

Author:
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