Boston Generating Sale to Constellation Moves Ahead

Boston Generating LLC’s plan to sell its power plants to Constellation Energy Group Inc. for $1.1 billion moved ahead after a bankruptcy court judge approved an auction of the assets.

U.S. Bankruptcy Judge Shelley Chapman in Manhattan today approved Boston Generating’s auction and bidding rules. Chapman, who considered the asset sale at a four-day hearing that ended Oct. 7, overruled objections by creditors including Fortress Investment Group LLC.