Coal-fired power plant operator files for bankruptcy

Power plant operator Longview Power LLC and some of its affiliates filed for Chapter 11 bankruptcy, according to Reuters.

Longview Power, which is majority owned by First Reserve Corp., reportedly listed liabilities and assets of more than $1 billion, the article said. The company has hired Alvarez & Marsal North America LLC as its restructuring advisor, and Lazard Ltd. as its investment banker. Longview said in the article that there would be no interruption to its business and employees would not be affected by the filing.

The company owns a 700 MW supercritical coal-fired power plant in Maidsville, W.Va. The plant began operations in June 2011.

Read more business news

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...