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Raser Technologies, Renewable Energy Producer, Goes Bankrupt

Raser Technologies Inc., a geothermal-energy developer, sought bankruptcy protection with a restructuring agreement worked out with bondholders and secured creditors.

The company, based in Provo, Utah, listed $107.8 million in debt and $41.8 million in assets as of Dec. 31, in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware. Nineteen affiliates also sought court protection.