ECOtality gets authorization for third extension of exclusive periods

By Kali Hays

New York, April 15 - Electric Transportation Engineering Corp., which does business as ECOtality North America, obtained a third extension of its exclusive plan of liquidation filing and solicitation periods, according to a Monday order with the U.S. Bankruptcy Court for the District of Arizona.

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

As previously reported, the company said that it is "formulating, evaluating and documenting various plan structures with the goal of maximizing recoveries for creditors" and that it is assessing the possibility of developing a plan of reorganization as opposed to the previously contemplated plan of liquidation, according to the motion.

The company also said that it hopes to file a plan before the previous expiration of the exclusive periods.

ECOtality, a renewable energy company based in San Francisco, filed for bankruptcy on Sept. 16, 2013. The Chapter 11 case number is 13-16126.

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