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FERC approves sale of power marketer American Illuminating to Premier Holding

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)