Fred Fuller

flickr

Trucks will be rolling Wednesday to former Fred Fuller Oil customers, after a bankruptcy court judge approved the sale of the company to Rymes Propane & Oil Tuesday.

Rymes propane Co-owner Jon Rymes said the transition would be seamless once the deal was approved, with his company prepared to service Fuller’s roughly 28,000 customers.

Rymes will also be taking on nearly 100 former Fuller employees.

Kim Carpenter via Flickr CC

A tentative agreement to sell the assets of a home heating oil company seeking bankruptcy protection has hit a snag.

The agreement would sell the ongoing business of Fred Fuller Oil & Propane to Rymes Propane & Oil. The Telegraph of Nashua reports talks broke down Monday in bankruptcy court over issues related to the Internal Revenue Service's alleged $2.5 million claim against several of Fred Fuller's personal properties.

MassMatt via Flickr CC

It looks like there’s a solution in sight in the saga of Fred Fuller Oil and Propane.

The Hudson-based company filed for bankruptcy a week ago. Now, the state says there’s a buyer - Rymes Propane & Oil – and that the buyer will honor customers’ pre-buy oil contracts.

I spoke with New Hampshire Attorney General Joseph Foster about this tentative agreement.

A federal bankruptcy judge is allowing a New Hampshire home heating oil company seeking bankruptcy protection to use cash it collects on its accounts.

Fuller Oil and Propane has assured customers it can provide oil to customers who paid in advance. It asked a judge for permission to use cash receipts from its sales.

A U.S. Bankruptcy judge on Friday granted the request, saying it was a "short-term shot" and could possibly allow the company time to find a buyer.

Kim Carpenter via Flickr CC

Officials at the state attorney general office say they’re receiving phone calls from concerned Fred Fuller customers after the company filed for bankruptcy Monday.

The Hudson-based oil company filed for Chapter 11 bankruptcy, giving it protection from creditors as it reorganizes.

Senior Assistant Attorney General James Boffetti says customers calling are still receiving their oil, but are worried about what happens moving forward.

 

A New Hampshire home heating oil company that faced customer delivery delays earlier this year has sued FairPoint Communications over a phone outage that happened at the same time.

Fred Fuller Oil said a combination of extreme weather conditions, a huge increase in oil and propane demand and an overload and temporary crash of the company phone system led to problems during the winter. The state said it had to step in after receiving complaints from residents, setting up a phone number.

New Hampshire's attorney general is closely monitoring a lawsuit filed by a major supplier of home heating oil against a dealer who supplies about 30,000 customers with fuel to be sure the dealer can fulfill its obligations.

Senior Assistant Attorney General James Boffetti says he will meet next week with lawyers for Hudson-based Fred Fuller Oil, in light of a lawsuit filed by Sprague Energy. The company claims Fuller owes $4.7 million in unpaid bills and is seeking to seize Fuller's delivery trucks and other assets.

New regulations regarding prepaid contracts for home heating fuel are set to go into effect.

Governor Maggie Hassan signed a bill into law Friday that limits when oil companies can advertise for prepaid contracts and increases the penalties for failing to deliver fuel.

The bill was in response to the controversy this past winter when Fred Fuller Oil customers complained about not getting their heating oil tanks refilled on time.

The law makes failure to deliver fuel a violation under the state’s Consumer Protection Act.

This week the New Hampshire Senate is set to vote on a House bill designed to protect home heating fuel customers.  This comes after hundreds of Fred Fuller Oil Company customers suffered shortages and late deliveries in January.  

Complaints have surfaced again from customers of a New Hampshire home heating oil company about delays in fuel deliveries and in contacting the business, including a school in Alton where 150 students went much of one day without any heat.

Superintendent Bill Lander in Alton tells WMUR-TV he called Fred Fuller Oil 10 times Monday and either got a busy signal or no answer. Once, the number was disconnected.

The district was eventually able to get through to the Hudson-based company and get oil.

The attorney general’s office says the Fred Fuller Oil company has pledged to get caught up on its backlog of deliveries by Friday.

 

The state of New Hampshire has set up an emergency hotline for Fred Fuller Oil Co. customers who are in imminent danger of running out of home heating oil.