Connecticut plant bankrupt

A 214 MW Connecticut coal-fired power plant owned by U.S. power company AES Corp. has filed for bankruptcy protection in a Delaware court.

In court papers, AES Thames LLC said a rise in coal prices and transportation and compliance costs over the past decade have led to a substantial increase in production cost. The company generates and sells electricity to the Connecticut Light and Power Co (CL&P).

AES Thames also cited an ongoing lawsuit with Smurfit Stone Container Corp. over the supply of steam as one of the reasons for filing Chapter 11. The company had told Smurfit Stone and CL&P on Jan. 26 that it planned to temporarily shut down the facility.

AES Thames said it has about $162 million in total assets and employs 43 people.

Read more business news and features



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...