Former Footprint Power gets post-confirmation exclusivity extension

By Sarah Lizee

Olympia, Wash., Dec. 5 – Salem Harbor Power Development LP, formerly Footprint Power Salem Harbor Development LP, secured an extension of its exclusive period to file a Chapter 11 plan by 60 days through Jan. 17, according to an order filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company’s Chapter 11 plan was confirmed on Aug. 18.

When it filed the exclusivity extension motion, the company said there was a possibility, related to finalizing exit facility documentation, that the plan wouldn’t go effective until after Nov. 18 when the exclusive plan filing period ran out.

The debtor said that while it anticipates the effective date will occur soon, it sought the exclusivity extension out of an “abundance of caution.”

The Salem, Mass.-based power plant operator filed bankruptcy on March 23, 2022 under Chapter 11 case number 22-10239.

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