Entergy, Creditors Spar Over Reorganization

Law360, New York (January 4, 2007, 12:00 AM EST) -- With the future of the company at stake, embattled energy company Entergy New Orleans Inc. is gearing up to go head to head with a group of its unsecured creditors.

At a Jan. 25 hearing, a judge will hear reorganization plan proposals from Entergy and the unsecured creditors and, if both are found acceptable, set a hearing date to determine exactly how the company will finance its exit from bankruptcy.

Under the plan proposed by the official committee of unsecured creditors, Entergy would borrow $150 million...
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