This week I finished a review of GenOn’s power plant fleet. All of their plants with over 200MW of capacity were reviewed. Click here for more information about ordering a copy of this report.
The company has been in the bankruptcy process for over a year now. It is not clear when this case will be concluded, but many settlements have been reached, a number of assets have been sold, and lots of cash has already been distributed. It seems like now is a good time to so some prep work to be ready for bankruptcy emergence.
Besides my report, I would also recommend reviewing the court documents about the case, which can be found here. Most bankruptcy cases can get extremely complicated, and with GenOn’s financing structure things get tricky very quickly. There is actually a good presentation, that I highly recommend, summarizing some of these issues, and it can be found here.