Dynegy Holdings Expects Parent To Join Its Ch. 11 Case

Law360, New York (June 20, 2012, 9:47 PM EDT) -- Power supplier Dynegy Holdings LLC filed a supplement to its latest disclosure statement in New York bankruptcy court Monday that would pave the way for its nondebtor parent Dynegy Inc. to join its Chapter 11 proceedings, with the latter emerging as the surviving entity.

Dynegy Holdings filed a third amended statement and reorganization plan June 8, a week after U.S. Bankruptcy Judge Cecelia G. Morris approved a major settlement between the company and its unsecured creditors.

According to the motion supplement, while the new plan prepares...
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