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Entergy Unit Blasts Insurer's Idea Of Competing Plans

Law360 (November 8, 2006, 12:00 AM EST) -- Bankrupt utility Entergy New Orleans said Tuesday that allowing an insurer in the case to present its own restructuring proposal would merely add confusion to the process and delay the company’s exit from Chapter 11 protection.

Late last month, Financial Guaranty Insurance Co. filed papers in U.S. Bankruptcy Court for the Eastern District of Louisiana contending that it was ready to submit a Chapter 11 plan that would help accelerate payments to creditors, among other promises.

But Entergy said in a filing with the court Tuesday...
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