Southaven Power requests six-month exclusivity extension

By Jennifer Lanning Drey

Portland, Ore., May 16 - Southaven Power LLC requested an 11th extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the Western District of North Carolina.

The company wants to extend the exclusive plan-filing period to Dec. 10, 2008 from June 13 and the solicitation period to Feb. 11, 2009 from Aug. 15.

In the motion, the company said it now has the necessary information regarding the ET Power claim settlement and sale of its plant to formulate a plan but needs more time. The company said it does not expect to require the full six months.

Southaven Power is an energy and transportation company based in Southaven, Miss. It filed for bankruptcy on May 20, 2005. Its Chapter 11 case number is 05-32141.

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