EME Cuts Deal To Emerge From Ch. 11 Free Of Liability

Law360, New York (February 19, 2014, 3:08 PM ET) -- Edison Mission Energy has reached a deal to emerge from Chapter 11 free of liability, in which its parent Edison International will see a net benefit of $200 million, Edison International's chief executive said Wednesday.

The settlement between Edison International, EME and a majority of EME's senior unsecured creditors resolves all claims between EME and Edison International, and will be incorporated into EME's reorganization plan, which includes the sale of most of the utility's assets to NRG Energy Inc.

Following the sale to NRG, which has...
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