<span class="articleLocation”>Homer City Generation L.P., which owns three
coal-fired electric power plants in the United States, filed for
bankruptcy on Wednesday.
The company, which expects to continue operations during the
Chapter 11 process, said the reorganization would eliminate $600
million of its debt.
NRG Energy Services will continue as the operator of Homer
City’s three plants, which are located near Pittsburgh,
Pennsylvania and have an aggregate net capacity of 1,884
The reorganization plan was supported by about 86 percent of
the Homer City’s secured noteholders, but is subject to approval
from the Delaware bankruptcy court, the company said in an
#1 Lawyers Search Engine