Creditors Approve Reliant Energy Channelview Plan

Law360, New York (November 20, 2008, 12:00 AM EST) -- All the creditors eligible to vote on Reliant Energy Channelview LP's reorganization plan have voted to adopt it, bringing the Reliant Energy subsidiary and Texas power plant operator closer to leaving Chapter 11.

Only one class, consisting of Reliant Energy Channelview's equity interests, was eligible to vote on the plan, since secured claims and general unsecured claims were unimpaired. All subclasses of equity holders voted unanimously to approve the plan, according to a vote certification filed Wednesday in the U.S. Bankruptcy Court for the District of...
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