La Paloma Generating Co. LLC, a natural gas-fired power plant in Southern California struggling with increased competition from the renewable energy sector, filed for bankruptcy this week in Delaware. The company owes nearly $200,000 to three Am Law 100 firms.
December 07, 2016 at 06:36 PM
1 minute read
The ongoing struggles on the U.S. energy industry claimed another power provider this week as La Paloma Generating Co. LLC, which operators a natural gas-fired power plant in Southern California, filed for bankruptcy Tuesday in Delaware.
La Paloma, owned by Texas-based private equity firm Rockland Capital Energy, listed $524 million in debt in its Chapter 11 petition. The company operates a 1,200-megawatt combined cycle plant 110 miles northwest of Los Angeles in McKittrick, California.
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