Longview Power allowed fourth exclusivity extension to solicit plan

By Kali Hays

New York, June 23 – Longview Power, LLC obtained an extension of its exclusive plan of reorganization filing and solicitation periods, according to a Monday order with the U.S. Bankruptcy Court for the District of Delaware.

The company’s exclusive filing period is extended through Sept. 30 from June 4 and its solicitation period through Dec. 1, 2014 from Aug. 5.

The extension was requested in order for Longview to complete its 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.

Longview, an integrated power generation enterprise based in Maidsville, W.Va., filed for bankruptcy on Aug. 30, 2013. The Chapter 11 case number is 13-12211.

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