V3 Commodities Group, LLC filed an application at FERC requesting authorization for a proposed transaction pursuant to which it will become a wholly-owned subsidiary of V3 Commodities Intermediate, LLC, which itself will be a wholly-owned subsidiary of V3 Commodities Group Holdings, LLC (V3 Holdco)

V3 Commodities Group, LLC is engaged in wholesale power marketing and supply, among other various services

V3 Commodities Group, LLC is owned by two individuals, J. Scott Perry and Walker Mygatt

Approximately 41 percent of the outstanding membership interests in V3 Commodities Group Holdings, LLC (the new ultimate parent under the proposed transaction) will be owned by Village Energy Investors LLC (VEI) and approximately 20 percent of the outstanding membership interests in V3 Holdco will be owned by Colbeck Capital Management, LLC, after the issuance of equity being reserved for a management incentive plan representing approximately 19 percent. The remaining outstanding membership interests in V3 Holdco will be held by individual investors and employees, none of which will own or control greater than 5 percent

VEI, a Delaware limited liability company, will be owned by J. Scott Perry, Walker Mygatt and Michael McCarthy, each holding or controlling approximately 33.33 percent of VEI’s outstanding membership interests. Mr. McCarthy’s membership interests will be held through Meridian Energy Investors LLC, which will be owned 75 percent by Mr. McCarthy, with the remainder held by other individual investors, none of which will own or control greater than 2 percent in V3 Holdco.

None of Purchaser, the entities and individuals identified above that will own Purchaser, directly or indirectly, or their respective affiliates owns, operates or controls any electric generation facilities, electric transmission facilities, distribution facilities, physical natural gas transportation or storage facilities, or other inputs to electric power production. Purchaser is not a franchised utility, and is not affiliated with any franchised utilities in North America

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