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Following the disruption to the independent power industry precipitated by the bankruptcy of Enron, on July 14, 2003, after months of attempting to restructure its debt, the company sought Chapter 11 bankruptcy protection. The Mirant bankruptcy proceedings were unusual in that the court agreed to the appointment of a committee of equity holders.
The company was founded in 2008 in Concord, California, by Jeffrey Carpoff, an auto mechanic. [5] [6] Berkshire Hathaway invested $340 million in the company. [7]The company supplied solar panels, named Solar Eclipse, [8] to various higher education facilities (using a subsidiary, DC Solar Freedom, for education-related partnerships) such as California State University and Long Beach City ...
In 2017, Panda's power plant in Temple, Texas declared Chapter 11 bankruptcy. [4] On September 6, 2018, Panda chairman Janice Carter sent what she referred to as "this final shareholder letter." The letter states, "Independent power companies can no longer compete in today's power market against government subsidized renewables, such as wind.
In a filing in federal bankruptcy court in Houston, a lawyer for the company asked the judge to declare it the winning bidder instead of The Onion. Company affiliated with Alex Jones seeks to ...
The Mooresville-based company, formerly known as Power Home Solar, blames a defective part for its downfall. ... In the bankruptcy filing. The bankruptcy court filing shows Pink Energy has between ...
A bankruptcy court judge has approved a plan by the cryptocurrency lender Genesis Global to return about $3 billion to its creditors and investors, including thousands of people who New York ...
A court hearing on the creditor-approved bankruptcy plan would then be held September 5, after which the company said it would emerge from bankruptcy protection. [ 109 ] Dynegy Inc. posted a second-quarter 2012 loss of $1.06 billion, an increase to $8.65 per share from 95 cents per share a year ago.
The largest and oldest electric power cooperative in Texas filed for bankruptcy protection in Houston on Monday, citing a disputed $1.8 billion debt to the state's grid operator. Brazos Electric ...