NH Plant Strikes Deal On Power Purchase Contract

By Vince Sullivan · February 23, 2024, 6:07 PM EST

A bankrupt New Hampshire power plant reached terms on a deal Friday with an entity whose contract to purchase the facility's power was rejected earlier this week, telling a Delaware federal...

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Bankruptcy Scorecard

Summary

A biofuel-powered generation plant Burgess Biopower filed for Chapter 11 protection after a dispute with its power purchaser cut off significant revenue flows, leaving it unable to service about $173 million in secured debt.

Case Number

1:24-bk-10235

Judge

Laurie Selber Silverstein

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

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Related Sections

Case Information

Case Title

Burgess BioPower, LLC

Case Number

1:24-bk-10235

Court

Delaware

Nature of Suit

Date Filed

February 09, 2024

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