Power Co. Bicent's Creditors Rip Ch. 11 Plan For Lack Of Info

Law360, Wilmington (June 1, 2012, 7:59 PM EDT) -- Centennial Energy Holdings Inc. on Friday objected to the disclosure statement for Bicent Holdings LLC’s reorganization plan, saying the bankrupt power plant operator is denying vital information to unsecured creditors who are getting stiffed in the bankruptcy.

In filing its objection, Centennial — which is suing Bicent over a botched power plant project in Hobbs, N.M. — has joined another creditor, Lea Power Partners LLC, which lodged a similar objection in Delaware bankruptcy court earlier in the week.

The bare-bones disclosure statement “contains unsupported assertions and...
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