Dynegy Aims To Loan $15M To Keep Power Plants Running

Law360, New York (November 8, 2011, 7:30 PM EST) -- Electricity provider Dynegy Holdings LLC asked a New York bankruptcy court Tuesday to let it provide $15 million in post-petition financing to its operational debtor subsidiaries in order to keep them cranking out power and generating revenues.

The bankrupt subsidiaries — in particular the company's two main operational units, Danskammer and Roseton, which are power plant facilities that sit adjacent to each other on large campuses in upstate New York — would use the intercompany revolving loan agreement to keep running while Dynegy Holdings tries to...
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