Case Study: Agera Energy achieves a swift Chapter 11 resolution with Stretto

Agera Energy LLC - Customer Case Study

Agera Energy LLC, a provider of electricity and natural gas, faced insurmountable financial and regulatory challenges that led it to file for Chapter 11 bankruptcy with over $200 million in liabilities. The company engaged Stretto to provide corporate restructuring services, specifically to assist in preparing its Schedules & SOFA and managing the complex bankruptcy process.

Stretto implemented a comprehensive solution that included securely handling sensitive customer data, producing customized noticing documents, and establishing an in-house call center for creditor inquiries. This support facilitated the swift sale of Agera's assets to Constellation NewEnergy for $24.75 million and the transfer of its customer base. Stretto provided tangible value as a trusted partner, enabling a successful three-month resolution and continues to host a Virtual Data Room for stakeholders.

Agera Energy LLC