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[$$] Judge Delays Voting on FirstEnergy Solutions Chapter 11 Plan

Corp.’s bankrupt power plant business can’t start polling creditors on its chapter 11 exit strategy until it clarifies proposed liability releases that benefit other companies, including its publicly traded parent. of the U.S. Bankruptcy Court in Akron, Ohio, said he was uncomfortable allowing creditors to vote on the $4 billion restructuring proposal until FirstEnergy Solutions Corp. clarified the scope of the liability releases it wants to hand out. The proposed plan is centered on a $3.1 billion settlement with FirstEnergy, which is contributing $1.1 billion to pay back creditors of FES and waiving $2 billion in claims against the bankruptcy estate.