U.S. Energy Systems seeks three-month exclusivity extension

By Caroline Salls

Pittsburgh, Feb. 5 - U.S. Energy Systems, Inc. requested an extension to its exclusive period to solicit votes on its plan of reorganization, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, the company wants to extend its exclusive solicitation period to May 28 from Feb. 27.

The company said it needs the extra time to complete the sale of its Biogas assets and complete the claims reconciliation process.

A hearing is scheduled for Feb. 18.

U.S. Energy Systems, a New York-based owner of green power and clean energy and resources, filed for bankruptcy on Jan. 9, 2008. Its Chapter 11 case number is 08-10054.

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