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.