Texas Plant’s Ch. 11 has no obvious purpose, Judge Del said.

By Jeff Montgomery (April 13, 2022, 9:02 p.m. EDT) — West Texas power producer Ector County Energy Center LLC’s largest unsecured creditor filed the power plant’s Chapter 11 case on Wednesday. Electric by telling a Delaware bankruptcy judge that the debtor had “no obvious reorganization goals” when filing for bankruptcy.

Benjamin I. Finestone of Quinn Emanuel Urquhart & Sullivan LLP, an attorney for Direct Energy Business Marketing LLC, told U.S. Bankruptcy Judge John T. Dorsey that Ector’s case was initiated primarily for the benefit of its parent company, Invenergy Clean Power LLC.

The 330-megawatt plant outside Odessa, Texas, filed for Chapter 11 protection on Tuesday, citing more than $400 million in secured and revolving debt and…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Comments are closed.