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Entergy Wins More Time For Debt Repayment Plan

Law360 (April 19, 2006, 12:00 AM EDT) -- A federal bankruptcy judge has given Entergy New Orleans Inc. a little more breathing space this week, granting the power company additional time to propose a reorganization plan despite across-the-board opposition from its unsecured creditors.

ENOI will now have until Aug. 21 to submit a Chapter 11 plan of reorganization and until Oct. 18 to gain the support of its unsecured creditors, who opposed the extension request and sought the right to propose their own reorganization plan.

In late September 2005, Entergy’s New Orleans branch was...
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