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Sullivan Hazeltine Allinson llc

Attorneys at Law

Longview Power Files Chapter 11 Petition in Delaware

Longview Power, LLC, the operator of a 700 megawatt coal fired power plant in West Virginia, filed a chapter 11 petition in Delaware on August 30.  According to Longview Power’s petition, it has more than $1 billion of assets and more than $1 billion of debts.   According to court filings, Longview Power filed because of an interest payment due on its $1 billion secured debt facility.  Longview Power intends to continue uninterrupted operations while it restructures its debt.