Judge OKs Reliant Channelview Liquidation Plan

Law360, New York (November 24, 2008, 12:00 AM EST) -- A judge has approved a liquidation plan for Reliant Energy Channelview LP, a Reliant Energy subsidiary that operates a power plant in Texas, clearing the way for Global Infrastructure Partners and Fortistar LLC to buy the company's assets.

Following a confirmation hearing on Friday, Judge Mary Walrath of the U.S. Bankruptcy Court for the District of Delaware ruled that Reliant Energy Channelview's liquidation plan was in line with U.S. bankruptcy law. She authorized the company to take any steps necessary to effectuate the plan.

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