CEO David Hindman stated that the filing represents the most viable path to resolve outstanding obligations to stakeholders, including PJM, vendors, and the nearly 140 employees currently staffing the site. Management intends to remain in place throughout the proceedings to coordinate with state officials and ensure the 1,278-megawatt plant continues generating power without interruption.
Pleasants Power Station Files for Bankruptcy to Secure Sale
The Pleasants Power Station in Belmont, West Virginia, has filed for Chapter 11 bankruptcy protection in the District of Delaware. The move aims to restructure the coal-fired plant's finances while the company pursues an independent sale process intended to ensure the facility’s long-term viability within the regional energy grid.
To maintain stability during the transition, the company has submitted customary first-day motions to the court. These filings seek approval to uphold wage payments, manage energy trading activities, and settle post-petition vendor debts. The leadership team expects to secure court authorization shortly to finalize a sale to a third party, a move they argue will cement the future of the station as a critical component of the regional market.
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