USGen New England Inc. on Tuesday said the U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division, approved the sale of the company’s two coal/oil-fired electric generating facilities and a natural gas-fired plant to Dominion. The sale still requires certain regulatory approvals and transfer of all operating and environmental permits.
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Court Approves NEGT’s Reorganization Plan
The U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division last week approved National Energy & Gas Transmission Inc.’s (NEGT) plan of reorganization, paving the way for the power generation, marketing and pipeline company to emerge from bankruptcy in the next couple months. The company expects the plan to become effective by the end of May or early June.
Court Approves NEGT’s Reorganization Plan
The U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division has approved National Energy & Gas Transmission Inc.’s (NEGT) plan of reorganization, paving the way for the power generation, marketing and pipeline company to emerge from bankruptcy in the next couple months. The company expects the plan to become effective by the end of May or early June.