Genesis seeks buyer for $18M of customer debt

Tue, 07 May 2019

By Gavin Evans May 7 (BusinessDesk) - Genesis Energy is aiming to sell up to $18.4 million of debt it has been unable to recover from its retail customers. The country’s biggest electricity and gas retailer is seeking quotes from firms interested in buying the debt and recovering it themselves. It wants a “savvy” purchaser to bid for the debt and present their plan for how it will communicate with the company’s former customers and the methodology it will use to recover the funds in a “respectful and lawful” manner. “We do not want...

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