La Paloma Generating Company, LLC

  1. September 26, 2017

    Creditors Balk At La Paloma's Ch. 11 Plan Disclosures

    Both the official creditors committee and an ad hoc group of second-lien creditors took aim Tuesday at La Paloma Generating Co. LLC's Chapter 11 plan disclosure statement, arguing it described a restructuring strategy the debtor is trying to push through without any real assessment of its assets.

  2. September 07, 2017

    La Paloma, Top Lender Compromise On Del. Ch. 11 Control

    La Paloma Generating Co. retained, on paper, exclusive Chapter 11 control Thursday after agreeing to allow a $150 million credit bid and other Delaware bankruptcy court concessions to a top lender seeking to buy the California power plant.

  3. August 29, 2017

    La Paloma Senior Creditor Says Its Plan Is 'Far Preferable'

    La Paloma Generating Co. LLC's senior creditor hit back late Monday against criticism that its bid to file its own Chapter 11 plan in the case would "hijack" the proceedings, arguing that its exit strategy is "far preferable" to what it characterizes as the debtor's litigation-heavy effort.

  4. August 28, 2017

    O'Melveny Blasted For $2.6M Fee Bid In La Paloma Ch. 11

    The senior creditor of California-based power producer La Paloma Generating Co. LLC on Friday objected to the legal fees submitted by the producer's former counsel O'Melveny & Myers LLP, calling the $2.6 million request "exorbitant."

  5. July 24, 2017

    La Paloma Keeps Ch. 11 Control In Deal With Top Creditor

    After months of producing mostly sparks, California-based power producer La Paloma Generating Co. LLC settled a control dispute Monday with its senior creditor, securing court approval for an Oct. 12  hearing on confirmation of its $524 million Chapter 11.

  6. March 30, 2017

    Calif. Agency Disputes Power Plant's $14M Ch. 11 Tax Claim

    A California agency moved Thursday to short-circuit a bankrupt state power plant's claim to a $14 million, multiyear tax refund, telling a Delaware federal judge that prior reviews already had pegged the amount at $3 million or less and that the issue belongs under state review.