NH Power Plant Gets OK On Purchaser Settlement In Ch. 11

By Alex Wittenberg · February 27, 2024, 6:34 PM EST

Bankrupt New Hampshire power plant Burgess Biopower LLC will receive a $3.35 million payment from a power purchaser that allegedly withheld money it owed last year, reaching a settlement agreement between...

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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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Documents

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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