US Power Unit Wins Approval Of Final Liquidation Plan

Law360, New York (August 30, 2011, 6:22 PM EDT) -- A New York bankruptcy judge approved Boston Generating LLC's liquidation plan Tuesday, tying up the final loose end after the $1.1 billion sale of most of the U.S. Power Generating Co. affiliate's assets to Constellation Energy Group Inc.

"It's been a great pleasure to watch this case unfold, and I'm pleased to confirm this plan," U.S Bankruptcy Judge Shelley Chapman said, adding that the final signed approval order could still see some technical modifications.

Boston Generating, along with parent company EBH Holdings LLC, which owns and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.