LSP Energy Seeks Ch. 11 Following Power Outages

Law360, New York (February 10, 2012, 9:45 PM EST) -- Power plant operator LSP Energy LP on Friday filed for Chapter 11 bankruptcy in Delaware after failing to recover from power outages stemming from mechanical failures at its main electric generation facility in Mississippi.

Indicating that its Batesville, Miss., facility — connected to the Tennessee Valley Authority transmission systems — is buckling under the strain of repair costs and lost revenues since the May failure that interrupted its operations, LSP listed assets and debts from $100 million to $500 million, saying it had creditors in a...
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