Parallel Energy Trust, Parallel Energy Commercial Trust and Parallel Energy Inc

Parallel Energy Trust

Creditor and stakeholder information

Creditor and stakeholder information

On November 9, 2015, Parallel Energy Trust, Parallel Energy Commercial Trust and Parallel Energy Inc. (collectively, the "Company") filed an application before the Court of Queen’s Bench of Alberta pursuant to the Companies' Creditors Arrangement Act, R.S.C. 1985 c. C-36 as amended.

Parallel Energy Trust, Parallel Energy Commercial Trust and Parallel Energy Inc. (collectively, the "Company") filed an application before the Court of Queen’s Bench of Alberta (the "Court") pursuant to the Companies' Creditors Arrangement Act, R.S.C. 1985 c. C-36 as amended (the "CCAA").

The Court made an order (the "Initial Order") on November 9, 2015, granting the Company the protections afforded by a stay of proceedings until December 9, 2015, while the Company pursues restructuring initiatives under the CCAA.

The Initial Order appointed KPMG Inc. as Monitor of the business and financial affairs of the Company in the CCAA proceedings.

On March 1, 2016, the Court granted an Order extending the Stay Period in respect of each Canadian Parallel Entity up to and including the time that is earlier of (i) March 3, 2016, and (ii) the time at which the assignment into bankruptcy pursuant to the Bankruptcy and Insolvency Act (“BIA”) is filed for each Canadian Parallel Entity (the “CCAA Termination Time”). KPMG was discharged as Monitor and the CCAA Proceedings have been terminated on March 3, 2016.

On March 3, 2016, Parallel Energy Commercial Trust, Parallel Energy Trust and Parallel Energy Inc. each filed an assignment in bankruptcy and KPMG Inc. was appointed as trustee of each of the respective estates.

On November 9, 2015, Parallel Energy LP and one affiliated debtor each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United Bankruptcy Court for the District of Delware. Details and filed documents relating to the case can be found in this link:

https://cases.primeclerk.com/Parallel/Home-Index

Contact Information

Jennifer Kwok

jgkwok@kpmg.ca

Lexi Ng

lexing@kpmg.ca

Court Order

Initial Order [PDF 876KB] - 11/9/2015

CCAA Stay Extension Application [PDF 199KB] - 11/27/2015

CCAA Stay Extension Order [PDF 104KB] - 12/3/2015

CCAA Stay Extension Application January 28, 2016 [PDF 129KB] - 1/28/2016

CCAA Stay Extension Order February 1, 2016 [PDF 95KB] - 2/1/2016

CCAA Termination Order filed March 1, 2016 [PDF 5079KB] - 3/1/2016

Service List

Service List [PDF 31KB] - 12/8/2015

Monitor's Report

Proposed Monitor's Pre-Filing Report [PDF 16435KB] - 11/8/2015

First Report of the Monitor [PDF 1611KB] - 11/27/2015

Second Report of the Monitor [PDF 3954KB] - 1/28/2016

Third Report of the Monitor [PDF 3836KB] - 2/24/2016

Motion Materials

Affidavit of Richard N. Miller, sworn November 6, 2015 [PDF 17028KB] - 11/6/2015

Supplemental Affidavit of Richard N. Miller, sworn November 9, 2015 [PDF 1343KB] - 11/9/2015

Affidavit of Richard N. Miller (Sworn November 27, 2015) [PDF 311KB] - 11/27/2015

Affidavit of Elena Pratt sworn December 2, 2015 [PDF 741KB] - 12/2/2015

Affidavit of Richard N. Miller, sworn January 25, 2016 [PDF 368KB] - 1/25/2016

Schedule A - Affidavit of Richard N. Miller, sworn January 25, 2016 [PDF 891KB] - 1/25/2016

Schedule B - Affidavit of Richard N. Miller, sworn January 25, 2016 [PDF 17804KB] - 1/25/2016

Schedule C - Affidavit of Richard N. Miller, sworn January 25, 2016 [PDF 1718KB] - 1/25/2016

Schedule D - Affidavit of Richard N. Miller, sworn January 25, 2016 [PDF 311KB] - 1/25/2016

Schedule E - Affidavit of Richard N. Miller, sworn January 25, 2016 [PDF 3459KB] - 1/25/2016

Schedule F - Affidavit of Richard N. Miller, sworn January 25, 2016 [PDF 27450KB] - 1/25/2016 

Letter to Justice Strekaf [PDF 27KB] - 2/24/2016

Affidavit of Richard Miller Exhibit-1 [PDF 4451KB] - 2/24/2016

Affidavit of Richard Miller [PDF 454KB] - 2/24/2016

Bench Brief of the Applicants [PDF 8055KB] - 2/24/2016

CCAA Termination Application [PDF 184KB] - 2/24/2016

Notice to Creditors

Notice to Creditors [PDF 348KB] - 11/13/2015

List of Creditors [PDF 83KB] - 11/13/2015

US Orders

Order Approving Motion of the Debtors for an Order Authorizing Implementtaion of Key Employee Incentive Program and Key Employee Retention Program [PDF 332KB] - 12/28/2015

Order Authorizing and Approving the Sale of Substantially all of Debtors' Assets to Scout Energy Group II, LP [PDF 14242KB] - 1/12/2016

Bankruptcy Documents

Parallel Energy Commercial Trust Certificate of Appointment [PDF 27KB] - 3/3/2016

Parallel Energy Inc Certificate of Appointment [PDF 26KB] - 3/3/2016

Parallel Energy Trust Certificate of Appointment Section 49 [PDF 33KB] - 3/3/2016

Notice to Creditors Package - Parallel Energy Commercial Trust [PDF 549KB] - 3/4/2016

Notice to Creditors Package - Parallel Energy Inc. [PDF 550KB] - 3/4/2016

Notice to Creditors Package - Parallel Energy Trust [PDF 527KB] - 3/4/2016

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