Homer City Generation files for bankruptcy protection

摘要

The operator of the financially distressed 1,901-MW Homer City coal plantrnin Indiana County, Pa., has filed a voluntary petition for Chapter 11 reorganizationrnin the U.S. Bankruptcy Court for the District of Delaware.rnHomer City Generation LP commenced its prepackaged Chapter 11 casernon Jan. 11 as part of a financial restructuring plan that the company said isrnexpected to “significantly deleverage the company’s balance sheet and providernfor an orderly transition of ownership to Homer City’s existing securedrnnoteholders.”