💥New Chapter 11 Bankruptcy Filing - Danskammer Energy, LLC💥
Natty gas facility seeks chapter 11 protection to pursue second 363 sale
On June 10, 2026, Danskammer Energy, LLC (“Danskammer Energy”) and three holdco affiliates (collectively, together with Danskammer Energy, the “debtors”) filed chapter 11 bankruptcy cases in the District of Delaware (Judge Owens). The debtors own a 532 MW natural gas generating facility in Newburgh, NY.
If this sounds vaguely familiar, congrats. You’re old. The same facility was previously owned by Dynegy Inc. (“Dynegy”), which filed its own chapter 11 case back in November ‘11. Helios Power Capital, LLC bought it from Dynegy during those cases, then partnered with Mercuria Investments US, Inc. (“MEI”) to repair damage caused to the facility by Hurricane Sandy. In June ‘17, MEI became the sole owner, and ~13.5 years later, we’re back where we started. Per Thomas Gray, president and CFO of Danskammer Energy:
“The Debtors intend to pursue a [363] Sale Process in Chapter 11 in order to avoid deterioration of their business and obtain maximum value for their assets for the benefit of all of their stakeholders and creditors.”
Holy hell, time to dig this bad boy back up:
Seriously though, Johnny been looking for an artist to tattoo that sh*t on him.
Anyway, now you know the plan, but why are the debtors stepping into Judge Owens’ courtroom? Government.
Specifically, New York’s attempt to prevent climate change, but also ordinary bureaucratic BS.