Entergy Voters To Choose Between Rival Plans

Law360, New York (January 26, 2007, 12:00 AM EST) -- A federal judge has approved two competing plans outlining how Entergy New Orleans should emerge from bankruptcy, shooting the proposals off to the embattled utility’s creditors for a critical vote.

On Thursday, U.S. Bankruptcy Judge Jerry Brown endorsed both the company’s strategy and the plan put forth by the official committee of unsecured creditors, leaving the creditors with a difficult decision in the days ahead.

Brown tentatively scheduled a hearing for May 3 through 4 to determine exactly how the company will finance its exit from...
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