Dynegy Unit Can Seek Creditor Votes On Bankruptcy Plan

Law360, New York (July 2, 2012, 9:55 PM EDT) -- Dynegy Holdings LLC won approval Monday for its Chapter 11 disclosure statement, allowing the power supplier to begin soliciting creditors' votes on a reorganization plan proposing that parent Dynegy Inc. join it in New York bankruptcy court.

U.S. Bankruptcy Judge Cecelia G. Morris signed off on the statement following a Monday hearing, Dow Jones Newswires reported, after the company had worked out issues with the U.S. trustee.

U.S. Trustee Tracy Hope Davis had objected Wednesday to Dynegy Holdings' proposed plan to have nondebtor parent Dynegy Inc....
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