Omnis Pleasants Files for Chapter 11 Bankruptcy to Facilitate Stakeholder Negotiations and Sale
Omnis Pleasants, LLC dba Pleasants Power Station has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in Delaware. The move aims to facilitate restructuring negotiations with stakeholders while supporting a sale process for its coal-fired power plant located in West Virginia. The company emphasized that operations will continue uninterrupted, including fulfilling obligations to PJM and vendors. CEO David Hindman stated the goal is to achieve recovery for the state of West Virginia and ensure continued operation under new ownership. The firm has submitted 'first day motions' seeking court approval to maintain normal business functions during bankruptcy proceedings. Pleasants Power Station generates 1,278 megawatts and employs nearly 140 people in West Virginia. Additional information about the Chapter 11 process is available through a claims agent website.
Topics: bankruptcy energy restructuring