Northeastern Power and Gas, LLC, a New York-based energy service company, has filed for Chapter 11 bankruptcy with limited assets and a $6.9 million creditor claim. Court records show about $2 million in assets, most of which includes money owed by customers for energy services.
Note: Chapter 11 generally allows a business to reorganize its debts and continue operating while addressing its financial obligations. Under Chapter 11, the debtor generally develops a plan for addressing its debts, subject to court approval. A Chapter 11 filing does not necessarily mean a business is closing or going out of business. For additional information, readers are encouraged to contact the business directly.
Overview of the Filing
Case records on PACER show that Northeastern Power and Gas, LLC submitted a Chapter 11 petition on August 19, 2026. Company President and CEO Perry Wilson signed the petition.
The records add that attorney Charles Wertman of the Law Offices of Charles Wertman, P.C. is representing the company. Proceedings are taking place in the U.S. Bankruptcy Court for the Southern District of New York.
About the Company
Northeastern Power and Gas, LLC operates as a retail energy provider. Its services are related to supplying electricity and natural gas to commercial, residential, and industrial customers.
The licensed company also focuses on renewable and sustainable energy solutions. It offers renewable electricity and works with customers on solutions, including solar and wind power, fuel cells, energy storage, demand-response systems, and microgrids.
Highlights from the Petition
Court records show that the company listed about $2 million in assets in its filing. Most of this was money that customers still owed the company for energy services. The company listed $1.9 million in accounts receivable that were 90 days old or less and another $95,000 in receivables that were more than 90 days old. It had just $713.71 in cash and did not list any significant real estate, equipment, inventory, or other assets.
Northeastern Power and Gas, LLC also shared details about its unsecured creditors. As per the records, Axpo U.S. LLC is one of its largest creditors, with a $6.9 million claim related to retail electricity and natural gas accounts. Northeastern Power and Gas disputed the claim, meaning it did not agree with the claim or the full amount.
The filing also showed $1.9 million subject to a setoff or collateral, leaving $5 million as the unsecured portion of Axpo’s claim.
Other details from the Chapter 11 petition are summarized here:
- Filing Date: August 19, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Southern District of New York
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-11989
- Estimated Assets: Between $1,000,001 and $10 million
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: 1-49
Renewable Energy Providers that Recently Filed for Chapter 11
On April 20, 2026, an electrical and solar energy service provider from Seattle sought Chapter 11 protection. Court records showed that the company opted to move ahead using Subchapter V proceedings. West Seattle Natural Energy, LLC has been offering its services for around nine years.
PosiGen, PBC submitted its Chapter 11 petition on November 24, 2025. The filing records showed that nine of its affiliated entities made their separate filings as well. The Houston-based renewable energy firm listed between 10,001 and 25,000 creditors on a consolidated basis.
As Northeastern Power and Gas, LLC joins this trend, the upcoming proceedings could determine how the company handles its disputed creditor claims.
