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Edison Mission Energy
Edison Mission Energy (EME) was an independent power producer based in California, United States. It was owned by Edison International Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knu .... On December 17, 2012, EME filed for Chapter 11 Bankruptcy with a proposal to transfer control of the company to holders of $3.7 billion in unsecured bonds. The reorganization plan was approved in March 2014 by the U.S. Bankruptcy Court. Under the reorganization plan, Edison Mission Energy would have remained a subsidiary of Edison International, but a new trust, under the control of the former bond-holders, would contain almost all of the former assets and liabilities of EME. NRG Energy acquired all of the assets of Edison Mission Energy in 2014 for $2.64 billion with approval from the U.S. bankrup ...
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Edison International
Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California. History The company was first incorporated in 1909 as Southern California Edison Company after Southern California acquired the assets of Edison Electric Company; it was known as Southern California Edison until 1996, when it adopted its current name in recognition of its growing business abroad and in other industry sectors. Edison first became a holding company in 1988 when it made a small change to its original name, becoming known as SCEcorp. Edison International acquired the naming rights for the Los Angeles Angels' stadium (previously known as Anaheim Stadium) in 1998, in a deal running for 20 years. The company backed out of the naming rights d ...
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Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to ...
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Coal Refuse
Coal refuse (also described as coal waste, rock, slag, coal tailings, waste material, rock bank, culm, boney, or gob) is the material left over from coal mining, usually as tailings piles or spoil tips. For every tonne of hard coal generated by mining, 400 kilograms of waste material remains, which includes some lost coal that is partially economically recoverable. Coal refuse is distinct from the byproducts of burning coal, such as fly ash. Piles of coal refuse can have significant negative environmental consequences, including the leaching of iron, manganese, and aluminum residues into waterways and acid mine drainage. The runoff can create both surface and groundwater contamination. The piles also create a fire hazard, with the potential to spontaneously ignite. Because most coal refuse harbors toxic components, it is not easily reclaimed by replanting with plants like beach grasses. Gob (short for "garbage of bituminous") has about four times as much toxic mercury and more ...
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Electric Power Companies Of The United States
Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwell's equations. Various common phenomena are related to electricity, including lightning, static electricity, electric heating, electric discharges and many others. The presence of an electric charge, which can be either positive or negative, produces an electric field. The movement of electric charges is an electric current and produces a magnetic field. When a charge is placed in a location with a non-zero electric field, a force will act on it. The magnitude of this force is given by Coulomb's law. If the charge moves, the electric field would be doing work on the electric charge. Thus we can speak of electric potential at a certain point in space, which is equal to the work done by an external agent in carrying a unit of ...
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