Two approved changes related to the ownership of Agera Holdings LLC, the parent of retail suppliers Agera Energy LLC, energy.me midwest llc, and Aequitas Energy, Inc., will not be consummated, the companies informed FERC

On July 15, 2016, Agera Energy LLC, energy.me midwest llc, and Aequitas Energy, Inc. had filed an application with FERC requesting authorization for AGH Parent LLC to convert the principal balance of a certain convertible promissory note to a number of units of limited liability company interests in the parent of the suppliers, Agera Holdings LLC. In the July 15, 2016 application, the suppliers stated that, upon consummation of the proposed transaction, AGH Parent would hold a 95.01 percent of the membership interests in Agera Holdings and, indirectly, in the suppliers.

See prior story for more background on the July application and transaction

Separately, on November 23, 2016, Agera Energy LLC, energy.me midwest llc, and Aequitas Energy, Inc. filed an application with FERC requesting authorization for Agera P&G Capital, LLC to acquire a 100 percent voting equity interest in the parent of the suppliers, Agera Holdings LLC, which owns all Class A Common Units or Common Stock of each supplier representing the controlling ownership interest in each of the suppliers. In the November 23, 2016 application, the suppliers described the proposed transaction as consisting of: (a) the acquisition by Agera P&G Capital of a promissory note, (b) conversion of the note into equity membership interests of 95.01 percent in Agera Holdings, and (c) acquisition of 4.99 percent of the equity interests in Agera Holdings from AGH Supplemental LLC

See prior story for more background on the November application and transaction

In separate notices filed with FERC, the Agera suppliers informed FERC that each of the contemplated transactions will not be consummated.

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M&A   Agera Energy  

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