Edison Mission Energy Files For Chapter 11 Reorganization Relief
Posted on December 27, 2012 at 03:08 AM EST
SUGAR LAND--December 27, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--On December 17, 2012, Edison Mission Energy (EME) (Santa Anna, California), a holding company engaged in developing, acquiring, owning, operating and selling electricity from independent power production facilities and the parent company of Midwest Generation (MWG) (Chicago, IL), filed for chapter 11 reorganization relief and will be deconsolidated from its parent company Edison International (EIX). The company has been battered by falling energy demand, the economic effects of low natural gas prices in a competitive environment, energy efficiency mandates, plant age, competition as well as state and federal emission control mandates which contributed to the collapse.