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Updated: Notes On Bankrupt Retail Supplier
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Ochsner Interests understands that Boston Energy Trading and Marketing, described as a wholly-owned subsidiary of Mitsubishi Corporation and part of the Diamond Generating family1, terminated the supply agreement of Astral Energy, which prompted the previously reported Chapter 7 filing of Astral Energy.
Ochsner Interests believes that Boston Energy Trading and Marketing should be amenable to an offer for the assets of Astral Energy, which had been serving 4,000 meters and is licensed in NY, NJ, PA, MD, MA, and OH.
Ochsner Interests notes that it appears Boston Energy Trading and Marketing is allowing any initiated POLR drops to proceed, thus speed would be of the essence for any desired acquisition that includes customers. As previously reported, NYISO has already issued a public notice stating that Astral Energy's customers were being moved to POLR.
1 Who We Are, Boston Energy Trading and Marketing, LLC
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September 8, 2023
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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