LSP Energy's $286M Power Plant Sale To SMEPA Gets Nod

Law360, Wilmington (September 20, 2012, 4:01 PM EDT) -- A Delaware bankruptcy judge on Thursday gave LSP Energy LP the green light to sell its gas-fired power plant to South Mississippi Electric Power Authority for $286 million after the buyer cut a deal with local authorities on an economic development pact.

U.S. Bankruptcy Judge Mary F. Walrath signed off on the utility's purchase of the Batesville, Miss., plant at a court hearing in Wilmington. Panola County, Miss., had objected to the sale to protect an economic development agreement with the debtors, complaining that the deal...
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