Liberty Power Holdings, which is an electricity supplier servicing customers in 14 states, voluntarily filed for Chapter 11 bankruptcy last week. Liberty Power Corp. LLC, which is Liberty Power’s parent company that is headquartered in Fort Lauderdale, Florida, also unexpectedly terminated their staff of over 80 employees on Sunday, April 18, 2021.
Sadly, the impact on electricity suppliers due to the February 2021 Polar Vortex is still being felt. They join the growing list of electric suppliers impacted by the February 2021 weather event where suppliers are either out of business, such as Entrust Energy and Griddy Energy, LLC, or have had to file for liquidation, such as Brilliant Energy LLC. Unfortunately, this may not be the last that we have heard of electricity suppliers going out of business or filing for bankruptcy / liquidation due to the February 2021 Polar Vortex.
Liberty Power stated that they are expecting to continue to operate and serve their customers. We recommend that you reach out to Liberty Power at 866-769-3799 to obtain the status of your supply agreement.
Muirfield Energy’s Consultants are here to help you navigate the volatility of today’s energy market and provide you with pricing and terms for your upcoming supply agreement. Please feel free to call our corporate office at 888-370-8878 to be connected with one of our Energy Consultants.