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Former Footprint Power seeks post-confirmation exclusivity extension
By Sarah Lizee
Olympia, Wash., Nov. 18 – Salem Harbor Power Development LP, formerly Footprint Power Salem Harbor Development LP, is seeking an extension of its exclusive period to file a Chapter 11 plan by 60 days through Jan. 17, according to a motion filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
As previously reported, the company’s Chapter 11 plan was confirmed on Aug. 18.
The company said there is a possibility, related to finalizing exit facility documentation, that the plan won’t go effective until after Nov. 18 when the exclusive plan filing period runs out.
The debtor said that while it anticipates the effective date will occur soon, it is seeking the exclusivity extension out of an “abundance of caution.”
A hearing is scheduled for Dec. 8.
The Salem, Mass.-based power plant operator filed bankruptcy on March 23, 2022 under Chapter 11 case number 22-10239.
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