Dynegy's Plan To Liquidate 4 Units Wins Judge's OK

Law360, New York (March 12, 2013, 7:59 PM EDT) -- Dynegy Inc. on Tuesday scored a New York bankruptcy judge's approval to liquidate its four subsidiaries remaining in bankruptcy, allowing it to wind up operations and close a $23 million asset sale.

The confirmation of the plan resolves the affairs of the “operating debtors” — Dynegy Northeast Generation Inc., Hudson Power LLC, Dynegy Danskammer LLC and Dynegy Roseton LLC — the four wholly-owned subsidiaries of Dynegy Holdings LLC that did not exit bankruptcy as part of the reorganized company in October.

U.S. Bankruptcy Judge Cecelia G....
To view the full article, register now.