FERC on Jan. 27 approved WWCD LLC's request to sell its entire equity interest in power marketer American Illuminating Co. to Premier Holding Corp. for $125,000.
Once the deal closes, American Illuminating, which is licensed as a retail electric supplier in Illinois, plans to sell power to residential and small business retail customers, and to maintain its authority to sell energy, capacity and ancillary services at market-based rates.
Premier Holding is the owner of Chicago-based energy solutions provider Energy Efficiency Experts. The company also owns an 80% stake in The Power Co. USA LLC. (FERC Docket No. EC17-32)