Bicent Power Wins Approval of Ch. 11 Disclosure Statement

Law360, Wilmington (June 8, 2012, 6:40 PM EDT) -- Bicent Holdings LLC won approval on Friday  for an amended disclosure statement, allowing the bankrupt power plant operator to begin soliciting votes for its Chapter 11 reorganization plan.

Centennial Energy Holdings Inc. and Lea Power Partners LLC lodged objections last week to the original statement, claiming it failed to supply vital information to unsecured creditors. Bicent filed the amended disclosure statement on Thursday, and U.S. Bankruptcy Judge Kevin Gross agreed to sign off the revised version, noting that many of the changes were made to address the...
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