Facing Smurfit-Stone Suit, AES Unit Files For Ch. 11

Law360, New York (February 1, 2011, 8:22 PM EST) -- An AES Corp. subsidiary that operates a coal-fired power plant in Connecticut has sought bankruptcy protection amid the rising cost of energy production and a litigation battle with Smurfit-Stone Container Corp. over the termination of a steam sale agreement.

AES Thames LLC filed for Chapter 11 on Tuesday in the U.S. Bankruptcy Court for the District of Delaware, listing about $162 million in total assets and between $100 million and $500 million in liabilities.

The power plant operator, which has 43 workers, generates and sells electricity...
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