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Optim Energy, LLC

  1. August 04, 2015

    Optim Judge Won't Put Ch. 11 Plan On Hold For Appeal

    A Delaware bankruptcy judge declined Monday to put the Chapter 11 plan for power plant company Optim Energy LLC, owned by Bill Gates' Cascade Investment LLC, on hold while self-professed largest creditor Walnut Creek Mining Co appeals confirmation of a reorganization it says includes gerrymandered claims.

  2. July 30, 2015

    Walnut Creek Continues Fight Against Optim's Ch. 11 Plan

    Walnut Creek Mining Co. announced Wednesday it would appeal Optim Energy LLC's recently confirmed Chapter 11 plan and urged a Delaware bankruptcy judge to put the power plant operator's restructuring on hold while it takes its challenge up the legal ladder.

  3. July 24, 2015

    Optim Wins Ch. 11 Plan Confirmation Over Objection

    A Delaware bankruptcy judge agreed to confirm Optim Energy LLC's Chapter 11 plan over the staunch opposition of creditor Walnut Creek Mining Co., which has argued the power plant company owned by Bill Gates' Cascade Investment LLC has tried to manipulate the plan to ensure confirmation.

  4. July 23, 2015

    Optim Can Ditch Small Contract With Big Ch. 11 Plan Impact

    A Delaware bankruptcy judge Thursday dealt a blow to a creditor's accusations of "claims gerrymandering" in the Chapter 11 case of Optim Energy LLC, owned by Bill Gates' Cascade Investment LLC, by allowing the debtor to reject a small contract that could have a big impact on plan confirmation.

  5. June 11, 2015

    Optim Energy Fights To Keep Control Of Ch. 11

    Optim Energy LLC is fighting to keep control of its Chapter 11 bankruptcy, urging a Delaware judge to give the power plant operator owned by Bill Gates' investment firm more time to gather creditor support for its reorganization strategy as it fends off a challenge by The Blackstone Group LP.

  6. May 19, 2015

    Optim Gets Nod For Ch. 11 Disclosure Statement

    A Delaware bankruptcy judge on Tuesday gave Optim Energy LLC the green light to solicit votes for a Chapter 11 plan that would hand its two gas-fired plants to parent Bill Gates' Cascade Investment LLC, overruling opposition from the energy supplier's largest noninsider creditor.

  7. May 14, 2015

    Walnut Creek Objects To Optim Ch. 11 Disclosure Statement

    The Blackstone Group LP unit Walnut Creek Mining Co. objected on Thursday to bankrupt energy supplier Optim Energy LLC's third stab at a Chapter 11 plan disclosure statement, saying that the supplier improperly manufactured impaired creditors in an attempt to silence Walnut Creek, its largest noninsider creditor.

  8. May 07, 2015

    Bankrupt Optim Dumps Plan To Sell Power Plants

    Bankrupt energy supplier Optim Energy LLC said late Wednesday that it is dumping its strategy to sell its two remaining gas-fired plants after they didn't attract "satisfactory" bids, and is going ahead with a Chapter 11 plan that hands them over to its parent, Bill Gates' Cascade Investment LLC.

  9. March 19, 2015

    Optim Floats $355M Plant Sale Or Turnover To Exit Ch. 11

    Bankrupt energy supplier Optim Energy LLC has proposed to end its stint in Chapter 11 by selling its two remaining power plant assets for a minimum of $355 million, or failing that, handing them over to its lender and parent company, according to court papers filed on Wednesday.

  10. January 22, 2015

    Optim Energy Says Blackstone 'Manufactured' $190M Claim

    Bankrupt power plant operator Optim Energy LLC said Thursday that Blackstone Group LP had "manufactured" a $190 million claim lodged by its Walnut Creek Mining Co. unit over the debtor's rejection of a fuel supply agreement, arguing that the private equity firm had already agreed to scrapping the pact.

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