A U.S. bankruptcy judge has approved the chapter 11 plan for the U.S. arm of Spains Abengoa S.A., a key element in the renewable-energy companys multibillion-dollar debt restructuring.
Judge Kevin J. Carey of the U.S. Bankruptcy Court in Wilmington, Del., Wednesday signed off on the creditor-repayment plan for Abengoas U.S. business over the objections of an Oregon utility and the U.S. Trustee, a government bankruptcy watchdog.
In approving the plan, Judge Carey overruled multiple objections from Portland General Electric Co., which is suing an arm of the Spanish energy company over claims it botched the cons…
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