Union/Panda Gila plan backed in voting by bank lenders

By Ellen Chang

Houston, April 5 - TECO Energy, Inc.'s Union and Gila River power stations won support for their plan of reorganization in voting by their bank lenders, according to documents filed with the U.S. Bankruptcy Court for the District of Arizona Monday.

The votes are as follows:

* In Union Power Partners LP class 4, with $550 million of bank secured claims, 94.12% by number and 89.24% by amount voted for the plan;

* In Union Power Partners class 5, with $299.24 million of impaired unsecured claims, 94.29% by number and 93.25% by amount voted for the plan;

* In Panda Gila River LP class 4, with $620 million of bank secured claims, 94.12% by number and 89.24% by amount voted for the plan;

* In Panda Gila River class 5, with $293.11 million of impaired unsecured claims, 94.29% by number and 92.02% by amount voted for the plan;

* In Trans-Union Interstate Pipeline LP class 4, with a $1.58 billion guaranty agreement claim, 94.12% by number and 89.24% by amount voted for the plan; and

* In UPP Finance Co. LLC class 4, with a $1.58 billion guaranty agreement claim, 94.12% by number and 89.24% by amount voted for the plan.

The votes were counted and tabulated by Kurtzman Carson Consultants LLC.

Union Power Partners LP, Panda Gila River LP, Trans-Union Interstate Pipeline LP and UPP Finance Co. LLC filed for Chapter 11 on Jan. 27. The case number is 05-01143.

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