Bankrupt Power Co. Cleared To Spin Off Plant, Cut $95M Debt

By Jeff Montgomery (July 23, 2018, 8:18 PM EDT) -- Talen Energy affiliate New Mach Gen LLC secured confirmation of its prepackaged Chapter 11 without a single short circuit Monday, gaining clearance for a plan to spin off one of its three power plants to a lender and reduce the remaining company's debt load by $95 million....

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