U.S. Energy Biogas Makes Deal With Illinois, ICC

Law360, New York (March 22, 2007, 12:00 AM EDT) -- U.S. Energy Biogas Corp. reached an agreement with the state of Illinois and the Illinois Commerce Commission on Thursday, resolving what it called the “principal remaining outstanding issue” in its Chapter 11 filing.

As a result of the agreement with the ICC, the renewable energy company said it expects to soon file its proposed plan of reorganization, which has already won the support of its creditors. The company expects to exit Chapter 11 in the first half of 2007.

"USEB's agreement with the ICC removes the...
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