Pursuits
Boston Generating, Lehman, TerreStar: Bankruptcy
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The bankruptcy court has the right to preside over the sale of Boston Generating LLC, the owner of five electric generating plants in the Boston area, U.S. District Judge Denise Cote in Manhattan ruled.
The bankruptcy judge, on the other hand, isn’t allowed to decide whether Boston Generating can reject a contract to supply transportation for natural gas to be used as fuel at a plant, Cote said in her Nov. 1 opinion.