Dynegy Asks To Start Sale Of Power Plants In Ch. 11 Case

Law360, New York (August 17, 2012, 4:29 PM EDT) -- Dynegy Holdings LLC asked a New York bankruptcy judge Thursday for permission to sell two power generation facilities to the highest bidder, a move it says is part of a crucial settlement in its case and key to a successful reorganization.

The Dynegy Inc. unit and four operating debtor subsidiaries submitted the motion to U.S. Bankruptcy Judge Cecelia G. Morris seeking approval of the sale of its Roseton and Danskammer power plants, including their interests and disputed interests in the facilities, through a sale of either...
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