Reliant Energy Wants Chapter 11 Trustee Appointed

Law360, New York (April 24, 2008, 12:00 AM EDT) -- Reliant Energy Channelview LP has asked the court overseeing its bankruptcy to appoint a Chapter 11 trustee to avoid the appearance of impropriety, warning of a possible divergence of interest between the debtors and their equity holders.

The debtors, which own and operate a power plant in Channelview, Texas, want to steer clear of “even the appearance of impropriety in these proceedings,” according to Reliant's motion, filed Wednesday in the U.S. Bankruptcy Court for the District of Delaware.

Reliant requested the appointment after a court ruling...
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