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By continuing to use this site, you are agreeing to our cookie policy. Make sure you don't miss any Law breaking news. Download our plug-in for Chrome to get customizable, exgen news alerts. In court filings, Chief Restructuring Officer David Rush said the debtor exelon houston texas exgen decreased revenues in recent months alongside lower electricity demand in the Dallas and Houston metropolitan areas where it operates its facilities.
The lagging demand resulted from increased alternative energy capacity, lower exgen temperatures and the lingering effects of Exelon houston texas Harvey, which left millions without power service.
Rush said in the declaration that ExGen Texas has been working with a financial adviser and lenders on a prepetition marketing process since May, but has only received exgen binding offer for one of its power stations — the Handley project — from direct parent company Exelon Generation Co. The proposed Chapter 11 plan must be confirmed in court before ExGen is obligated to close on the acquisition of the power station as part of a compromise among exgen debtor, its secured lenders and Exelon Generation.
A first-day hearing before U. Bankruptcy Judge Brendan Exelon houston exgen exgen. Shannon is scheduled for 1: actos generic name quiz more a statement issued by Exelon Generation Tuesday, the company exelon houston texas prices in Texas have contributed to a difficult operational environment for all power generators, and ExGen deemed the proposed plan the best exelon houston texas exgen forward.
Shapiro and Joseph C. The lead case is In re: Bankruptcy Court for the District of Delaware. Electric Reliability Council of Texas Inc. Check out Law's new podcast, Pro Say, exelon houston texas exgen offers a weekly recap of both the biggest exelon houston texas exgen and hidden gems from the exelon houston texas exgen of law. Listen To Our Latest. Click here to login.
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