Eligo Energy, LLC Risk Report

🛡️ Financial & Liquidity

Eligo Energy, LLC has faced several financial challenges over the years, indicating potential risks in financial stability. Cancelling energy contracts and customer dissatisfaction have been recurrent issues impacting their financial standing.

• Eligo Energy cancelled a contract with several towns, including Sandwich and Somonauk, due to unspecified reasons 🗓 December 14, 2021, causing financial instability.
• Eligo seeks to exit from a lawsuit regarding customer electricity rates 🗓 April 2, 2025, exposing them to financial risks.

⚖️ Legal & Regulatory

The company has been embroiled in legal issues and regulatory penalties, indicating a pattern of non-compliance with industry standards. These legal challenges could adversely impact their reputation and operational license.

• Illinois Attorney General filed a lawsuit against Eligo Energy for deceptive and unfair business practices 🗓 January 17, 2025.
• A $12 million settlement was reached due to litigation over deceptive practices 🗓 April 18, 2025, indicating significant financial and legal repercussions.
• State issued penalties for compliance failures as early as 🗓 August 27, 2019, highlighting ongoing regulatory challenges.

🏗️ Operational & Business Continuity

Operational challenges have been marked by contract cancellations, possibly due to financial instability or strategic realignment.

• Eligo Energy's decision to cancel contracts with multiple towns 🗓 December 14, 2021, points to significant operational hurdles to maintain service continuity.