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NorthEast Gas receives 90-day extension of exclusive plan periods
By Sarah Lizee
Olympia, Wash., Nov. 6 – NorthEast Gas Generation, LLC obtained a 90-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
Specifically, the court extended the exclusive plan filing period through Jan. 14 and the exclusive solicitation period through March 15.
The debtors said in its motion that the extension will provide for adequate time to complete their restructuring initiatives while the Chapter 11 cases are administered as efficiently as possible for the benefit of the debtors’ stakeholders and other parties-in-interest.
The Woodlands, Tex.-based NorthEast Gas owns and manages natural gas-fired electric generating facilities. The company filed Chapter 11 bankruptcy on June 18 under case number 20-11597.
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