Homer City Generating

More News and Commentary

Coal Plant in Pennsylvania Files for Bankruptcy, Again

Anya Litvak for the Pittsburgh Post-Gazette: A massive coal-fired power plant in Homer City, Indiana County, is now in bankruptcy, its second reorganization effort in five years. Homer City Generation LP filed for Chapter 11 bankruptcy protection today, expecting a swift process that will eliminate some $607 million in debt while continuing to operate the […]

January 12, 2017 Read More →

Pennsylvania City Is Offered $230-$535 million for Aging Coal Plant It Owes $606 Million On

Darren Sweeney for SNL: GE Capital US Holdings Inc.’s Homer City Generation LP has received “multiple bids” for its market-challenged coal plant. Homer City Generation operates the three-unit, 1,907-MW coal plant in Indiana County, Pa. GE Capital US Holdings owns a 95% common equity interest in the plant, and MetLife Inc. holds a minority stake. […]

September 1, 2016 Read More →
Emblematic of a Sector in Distress, Homer City Power Station in West Pennsylvania Is on the Ropes
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Emblematic of a Sector in Distress, Homer City Power Station in West Pennsylvania Is on the Ropes

The Hour Is Late for This Generator and for the Mines That Supply It; More Evidence that U.S. Merchant Coal Plants Are No Longer Viable

In late 2012, Edison International’s 1,884-megawatt Homer City Generating Station in western Pennsylvania went bankrupt. The subsequent workout allowed General Electric Capital Corp, the major bondholder in the plant, to take control. Now, on the heels of a weak end-of-year 2015 financial report, GE has indicated that the plant is in default on its debt […]