A slow recovery


A recent ruling has provided hope for troubled energy merchants the US. Thebankruptcy court for the northern district of Texas in Fort Worth granted energymerchant Mirant $500 million in debtor-in-possession financing in October. Thecompany had asked the court to approve the financing, which will be providedthrough a loan from General Electric Capital Corp, to supplement its availablecash to fund its merchant trading operations.

Mirant, which filed for bankruptcy on July 14, said that if it did

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here