LSP Secures $249M Stalking Horse Bid For Miss. Plant

Law360, Wilmington (July 16, 2012, 9:12 PM EDT) -- Power plant operator LSP Energy LP asked a Delaware bankruptcy court Monday to approve a $249 million stalking horse bid for its assets — primarily a Mississippi natural-gas fired generation plant — submitted by the South Mississippi Electric Power Association.

LSP filed for court protection in February to facilitate the sale of its assets after mechanical failures and resulting power outages burdened the company with $19 million in repair costs and lost revenues.

SMEPA's bid “represented, by far, the highest and best offer for the assets...
To view the full article, register now.




Case Information

Case Title

LSP Energy Limited Partnership

Case Number




Nature of Suit

Date Filed

February 10, 2012

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.