Creditors Give The Nod To Entergy’s Plan

Law360, New York (May 1, 2007, 12:00 AM EDT) -- A unit of Entergy Corp. inched closer to exiting Chapter 11 protection on Monday, with creditors of the bankrupt energy company giving the green light to its reorganization plan.

Creditors of Entergy New Orleans overwhelmingly voted in favor of the embattled utility’s Chapter 11 plan, according to court documents filed Monday.

The approved plan is Entergy’s fourth such proposal. A confirmation hearing on the plan has been set for Thursday.

The move comes just one week after the utility received $200 million in federal funding, marking...
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