Dynegy asks court to up interim DIP financing cap; Hearings postponed

By Caroline Salls

Pittsburgh, Dec. 1 - Dynegy Holdings, LLC will ask the U.S. Bankruptcy Court for the Southern District of New York to raise its interim debtor-in-possession financing cap to $7.5 million from $5 million at a Dec. 2 hearing, according to a Thursday court filing.

The final DIP financing hearing was previously scheduled for Dec. 2, but that hearing has been adjourned to Dec. 16, the filing said.

A hearing on appointment of an examiner was also postponed to Dec. 16 from Dec. 2, and a hearing on dismissal of Dynegy's bankruptcy case will not be held until at least Dec. 17.

Dynegy Holdings LLC and four subsidiaries filed for bankruptcy on Nov. 7. The Chapter 11 case number is 11-38111.

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