Agilon Energy names TXCR Acquisition winning bidder for assets

By Sarah Lizee

Olympia, Wash., Feb. 4 – Agilon Energy Holdings II LLC detailed the results of the auction for its assets in court documents filed Thursday with the U.S. Bankruptcy Court for the Southern District of Delaware.

TXCR Acquisition Co., LLC was named winning bidder, with a $75.5 million bid, and stalking horse Texas Peaker Power II, LLC was named backup bidder, with a $73.91 million bid.

As previously reported, the stalking horse agreement originally included a purchase price of $64.1 million, plus the assumption of liabilities. It also includes a 4% breakup fee.

A sale hearing will be held on Feb. 9.

The Houston-based energy company filed bankruptcy on June 27, 2021 under Chapter 11 case number 21-32156.

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