As you may be aware, Liberty Power has ongoing proceedings with the sale of their electricity contracts. According to the court bankruptcy documents, NRG is acquiring the following from Liberty Power: ¹

(i) Texas Residential Contracts – All of the Debtors’ residential customer contracts for customers located in Texas (the “Texas Residential Contracts”) for a purchase price equal to $340 per RCE, which based on the Debtors’ estimated number of RCEs for such Texas Residential Contracts as of August 16, 2021, equals an estimated purchase price (subject to adjustment and reconciliation as set forth in the Stalking Horse Agreement) of $11,934,499;

(ii) East Residential Contracts – All of the Debtors’ residential customer contracts for customers located outside of Texas (the “East Residential Contracts”) for a purchase price equal to $290 per RCE, which based on the Debtors’ estimated number of RCEs for such East Residential Contracts as of August 16, 2021, equals an estimated purchase price (subject to adjustment and reconciliation as set forth in the Stalking Horse Agreement) of $17,109,836; and

(iii) East Commercial Contracts – Certain of the Debtors’ customer contracts with small/medium sized commercial businesses located outside of Texas (defined as those customers with less than 17.5 RCEs or 175,000 kwh of annual consumption), which are as set forth in the Stalking Horse Agreement (the “East Commercial Contracts”) for a purchase price equal to $165 per RCE, which based on the Debtors’ estimated number of RCEs for such East Commercial Contracts as of August 16, 2021, equals an estimated purchase price (subject to adjustment and reconciliation as set forth in the Stalking Horse Agreement) of $7,342,616. ¹

As far as the remaining commercial customers, Liberty Power is trying to negotiate with private sellers. We do not have a disposition right now on these; however, we are actively monitoring the situation and will provide necessary updates as they become available.

As always, reach out to your account manager with any additional questions!

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1. Liberty Power Holdings, LLC, et al., Stretto (United States Bankruptcy Court, District of Florida August 24, 2021). Retrieved September 21, 2021, from https://cases.stretto.com/public/x137/11579/PLEADINGS/1157908202180000000067.pdf