Brilliant Energy trustee gets court approval of asset bid procedures

By Sarah Lizee

Olympia, Wash., April 19 – Brilliant Energy, LLC’s Chapter 7 trustee received court approval of the bid procedures for the company’s retail customer contracts, associated receivables and associated power hedges, according to a docket entry filed Monday with the U.S. Bankruptcy Court for the Southern District of Texas.

The trustee is authorized to enter into an asset purchase agreement with a stalking horse bidder.

Bids are due by 6 p.m. ET on April 26.

A sale hearing is scheduled for May 3.

The Houston-based electricity provider filed bankruptcy under Chapter 7 case number 21-30936.

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