Starion Energy Inc. filed Chapter 11 in Delaware on November 14, 2018, with Starion Energy NY Inc. and Starion Energy PA Inc. as affiliated debtors in the same retail-energy group source filing. The debtors supplied electricity and natural gas to residential and business customers across restructured energy markets, including Connecticut, New York, Maryland, Pennsylvania, Illinois, Ohio, New Jersey, the District of Columbia, Delaware, and Massachusetts. They entered the case with 27 employees, no union workforce, $6.505 million in outstanding loans, roughly $1.03 million in trade payables, and $3.573 million frozen by National Grid and Eversource after the Massachusetts Attorney General sued over alleged unfair and deceptive practices and sought a $30.6 million attachment source filing.

The immediate case posture was liquidity preservation. On December 3, 2018, Starion sought up to $6 million of DIP financing from GF Star IV, LLC at 15% interest, maturing December 31, 2019, to fund operations and wholesale energy purchases while the Massachusetts-held funds remained tied up source filing.