ERCOT Objection Delays Energy Co.'s Ch. 11 Confirmation
By Leslie Pappas (December 20, 2021, 8:43 PM EST) -- Entrust Energy Inc. was forced to delay confirmation of its Chapter 11 plan Monday after failing to resolve an objection to the plan from the Electric Reliability Council of Texas, the state's electric grid operator.
U.S. Bankruptcy Judge Marvin Isgur of the Southern District of Texas adjourned a virtual confirmation hearing for several hours Monday morning to allow parties to negotiate after telling the utility's attorney Jimmy D. Parrish of BakerHostetler that ERCOT seemed to have standing to object.
"I don't think there's any dispute of the facts. ERCOT claims to be your largest creditor, they're not on the committee, and under...
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