Edison Mission Energy
   HOME

TheInfoList



OR:

Edison Mission Energy (EME) was an
independent power producer An independent power producer (IPP) or non-utility generator (NUG) is an entity that is not a public utility but owns facilities to generate electric power for sale to utilities and end users. NUGs may be privately held facilities, corporations ...
based in California, United States. It was owned by
Edison International Edison International is a public utility A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilit ...
. On December 17, 2012, EME filed for
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, w ...
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. bankruptcy court, following agreement among EME, Edison International and certain EME creditors. At that time, EME's portfolio included 1,700 MW of wind power; 1,600 MW of gas-fired capacity; 4,300 MW of coal-fired capacity, and 400 MW of oil and waste coal-fired capacity.


External links

*


References

Electric power companies of the United States NRG Energy {{US-energy-company-stub