ECOtality's second exclusivity extension to consider new plan OK'd

By Kali Hays

New York, Feb. 26 - A court granted Electric Transportation Engineering Corp., which does business as ECOtality North America, a second extension of its exclusive periods for filing and soliciting votes on a plan of liquidation, according to an attorney familiar with the case.

The company's exclusive filing period is extended through April 15 from Jan. 14 and its solicitation period through June 14 from April 30.

As previously reported, the company had moved toward finalizing a proposed plan of liquidation until Blink Acquisition, LLC raised the possibility of proposing a plan of reorganization that could add value to its unsecured creditors.

ECOtality, a renewable energy company based in San Francisco, filed bankruptcy on Sept. 16 in the U.S. Bankruptcy Court for the District of Arizona. The Chapter 11 case number is 13-16126.

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