IN RE BOSTON GENERATING, LLC

No. 10-14419.

440 B.R. 302 (2010)

In re BOSTON GENERATING, LLC, et al., Debtors.

United States Bankruptcy Court, S.D. New York.

December 3, 2010.


Attorney(s) appearing for the Case

Latham & Watkins LLP, By: D.J. Baker, Esq. , Robert J. Rosenberg, Esq. (argued), James E. Brandt, Esq. , Christopher Harris, Esq. , Adrienne K. Eason Wheatley, Esq. , New York, NY, By: Caroline A. Reckler, Esq. , Chicago, IL, for Debtors.

Bracewell & Giuliani LLP, By: Jennifer Feldsher, Esq. (argued), Gregory W. Nye, Esq., New York, NY, for MatlinPatterson Global Advisers LLC.

Dechert LLP, By: Allan S. Brilliant, Esq. (argued), Kevin J. O'Brien, Esq. , Robert Topp, Esq. , Davin J. Hall, Esq. , New York, NY, for Wilmington Trust FSB.

Dewey & Leboeuf LLP, By: Bennett G. Young, Esq. (argued), San Francisco, CA, By: Charles A. Moore, Esq. , Houston, TX, for Algonquin Gas Transmission, LLC.

Jager Smith P.C., By: Bruce F. Smith, Esq. (argued), Steven C. Reingold, Esq. , Boston, MS, for the Official Committee of Unsecured Creditors.

Milbank, Tweed, Hadley & McCloy LLP, By: Peter K. Newman, Esq. (argued), New York, NY, for CarVal Investors, LLC and Fortress Investment Group, LLC.

Wachtell, Lipton, Rosen & Katz, By: David C. Bryan, Esq. (argued), Scott K. Charles, Esq. , Amy R. Wolf, Esq. , New York, NY, for Credit Suisse AG.

Winston & Strawn LLP, By: David Neier, Esq. (argued), New York, NY, for Constellation Energy Group, Inc. and Constellation Holdings, Inc.

Young Conaway Stargatt & Taylor, LLP, By: James L. Patton, Esq. (argued), Bruce L. Silverstein, Esq. , Rolin P. Bissell, Esq. , David R. Hurst, Esq. , Wilmington, DE, for the Special Committee.


OPINION GRANTING DEBTORS' MOTION SEEKING AUTHORITY TO SELL, PURSUANT TO 11 U.S.C. § 363, SUBSTANTIALLY ALL OF THE DEBTORS' ASSETS

SHELLEY C. CHAPMAN, Bankruptcy Judge.

Before the Court is the Debtors' motion seeking authority to sell substantially all of the Debtors' assets, free and clear of liens, claims, and encumbrances to Constellation Holdings, Inc. ("Constellation") and to authorize the assumption and assignment of certain executory contracts...

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