Utility Wants Bankrupt Smelter Kept From Altering Energy Deal

Law360, Wilmington (July 08, 2013, 10:25 PM ET) -- An Ohio utility launched a suit in Delaware bankruptcy court Monday seeking to block aluminum smelter Ormet Corp.'s bid to have a state commission modify its power agreement before transferring it to its private equity buyer.

Ohio Power Co., doing business as AEP Ohio, sought a preliminary injunction stopping Ormet from going forward with a bid to have the Public Utilities Commission of Ohio amend its energy agreement until the Delaware court rules on AEP's May 8 objection to the contract's assignment and assumption, according to...
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