Longview Power eyes fourth exclusivity extension for plan solicitation

By Kali Hays

New York, June 4 - Longview Power, LLC requested an extension of its exclusive plan of reorganization filing and solicitation periods, according to a June 3 motion with the U.S. Bankruptcy Court for the District of Delaware.

The company asked that its exclusive filing period be extended through Sept. 30 from June 4 and its solicitation period through Dec. 1, 2014 from Aug. 5.

The extension is necessary in order to complete the restructuring process, including the continued solicitation and eventual acceptance of its amended plan "without the distraction and additional costs related to competing Chapter 11 plans," according to the motion.

A hearing is scheduled for June 24.

Longview, an integrated power generation enterprise based in Maidsville, W.Va., filed for bankruptcy on Aug. 30. The Chapter 11 case number is 13-12211.

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