Electric supplier’s bankruptcy filing leaves NH Renewable Energy Fund in a bind
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The sudden bankruptcy filing last week of Agera Energy LLC, a major electricity supplier owned by an indicted insurance executive, could jeopardize the some $2.2 million owed to New Hampshire’s Renewable Energy Fund – more than half of what that fund intends to spend this fiscal year.
It also could result in an unknown number of business and residential customers forced into buying energy from their default utility, with most having to pay a lot more for power than they had anticipated. (Agera has warned its customers not to try to switch to another supplier without permission of the bankruptcy court.)