Home Energy company ERCOT’s objection delays Energy Co. figure 11 Confirmation

ERCOT’s objection delays Energy Co. figure 11 Confirmation

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By Leslie Pappas (December 20, 2021, 8:43 p.m. EST) – Entrust Energy Inc. was forced to delay confirmation of its Chapter 11 plan on Monday after failing to resolve an objection to the plan from the Electric Reliability Council of Texas , the manager of the State’s electricity network.

U.S. Bankruptcy Judge Marvin Isgur of the Southern District of Texas adjourned a multi-hour virtual confirmation hearing Monday morning to allow the parties to negotiate after telling BakerHostetler’s public service attorney Jimmy D. Parrish that ERCOT appeared have standing to oppose.

“I don’t think there is any dispute as to the facts. ERCOT claims to be your biggest creditor, they are not on the committee, and under …

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