September 20, 2012
A Delaware bankruptcy judge on Thursday gave LSP Energy LP the green light to sell its gas-fired power plant to South Mississippi Electric Power Authority for $286 million after the buyer cut a deal with local authorities on an economic development pact.
September 11, 2012
Panola County, Miss., on Monday objected to the planned $286 million sale of bankrupt power plant operator LSP Energy LP to a local utility, saying the deal could starve the impoverished county of crucial tax revenue.
August 20, 2012
A host of insurers agreed Monday to fork over $7 million to LSP Energy LP to settle a dispute over coverage for a mechanical failure that helped tip the power plant operator into bankruptcy.
August 03, 2012
The Chapter 11 auction for power plant operator LSP Energy LP officially reopened Friday after a Delaware bankruptcy judge signed off an order rejecting an 11th-hour stalking horse agreement and establishing a revised sales schedule.
July 26, 2012
A Delaware bankruptcy judge on Thursday nixed a controversial $5.5 million breakup fee power plant operator LSP Energy LP pledged to South Mississippi Electric Power Association, which swooped in earlier this month with an eleventh-hour stalking horse agreement that riled other would-be buyers.
July 24, 2012
A potential bidder objected Tuesday to LSP Energy LP's motion to approve a $249 million stalking horse bid for its assets, arguing that the bankrupt power plant operator had engaged in stalking horse negotiations in violation of the court's approved bidding procedures.
July 16, 2012
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.
July 11, 2012
Bankrupt power plant operator LSP Energy asked a Delaware judge Tuesday to approve a settlement with Bank of New York Mellon Corp. and LSP bondholders resolving a dispute over an $80 million penalty the bank insisted is due on the company's bonds.