Bankruptcy/Chapter 11 / Energy
Northampton Generating Chapter 11 Petition Filed
Privately-held Northampton Generating filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of North Carolina (Charlotte), case number 11-33095. The Company, which operates an electricity generating facility, is represented by Hillary B. Crabtree of Moore & Van Allen. According to documents filed with the Court, the Company's "financial performance in recent years has been worse than expected as a result of rising fuel costs" - which have risen more than 40% since 2005, according to Northampton Generating.
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