Bankruptcy could delay SunZia project

By Tony Davis | Arizona Daily Star

A global renewable-energy developer that is the only publicly known supplier for the proposed $2B SunZia power line is on the edge of filing for reorganization under federal bankruptcy law, news reports and a subsidiary say.

Missouri-based SunEdison Inc., saddled with debt, disclosed in a public document filed with the Securities and Exchange Commission Friday that it has entered into confidential negotiations with lenders over proposed financing transactions. These transactions, known as debtor-in-possession loans, are typically done to prepare for Chapter 11 bankruptcy filings.

The company has proposed building a large New Mexico wind farm that would supply renewable power to the controversial SunZia project, whose power lines would slice through Southeast and Central Arizona.

Continued:

Share this!

April 27, 2016

Inc., New Mexico, SunEdison, SunZia, wind farm

Additional Articles

Shruti Gurudanti, Rose Law Group partner and director of corporate transactions, comments on the importance of representations & warranties in M&A deals

“Reps and warranties are often one of the most heavily negotiated parts of a business sale agreement, and it’s critical for sellers to carefully understand

Council to consider battery storage system for north Peoria

Map via City of Peoria (Disclosure: Rose Law Group represents Beehive Energy Storage.) By Philip Haldiman | YourValley Peoria City Council will consider April 16 allowing for the development

New MF high-rise coming to DT Phoenix

By Leah Draffen Korman Communities, in partnership with RXR, has revealed its latest project in the Phoenix market. The Class AA residential high-rise, AVE Phoenix Sky, will offer 254 residential

Get Involved

Write a letter to the editor

Write a guest opinion

Submit news

Stay Informed

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

Recent Articles

Arizona Reinstates 160-Year-Old Abortion Ban

By Jack Healy and Kellen Browning | New York Times Arizona’s highest court on Tuesday upheld an 1864 law that bans nearly all abortions, a decision that could

Freaking out about The Corporate Transparency Act? Shruti Gurudanti, Rose Law Group partner and director of corporate transactions, provides a key tip on how to reduce anxiety

By Gene Marks | The Hill Have you heard of the Corporate Transparency Act? Apparently, it’s freaking people out. The law was passed as part of

As California city trades in old gas plant for giant grid battery, Court Rich, Rose Law Group co-founder and energy attorney, highlights the upsides of this form of energy storage

By Julian Spector | Canary Media MENIFEE, California — For a decade, twin smokestacks loomed against the bright blue skies of Menifee, in Southern California’s Inland Empire.

M	T	W	T	F	S	S
				1	2	3
4	5	6	7	8	9	10
11	12	13	14	15	16	17
18	19	20	21	22	23	24
25	26	27	28	29	30

Bankruptcy could delay SunZia project

Additional Articles

Shruti Gurudanti, Rose Law Group partner and director of corporate transactions, comments on the importance of representations & warranties in M&A deals

Council to consider battery storage system for north Peoria

New MF high-rise coming to DT Phoenix

News Categories

Get Involved

Stay Informed

Recent Articles

Arizona Reinstates 160-Year-Old Abortion Ban

Freaking out about The Corporate Transparency Act? Shruti Gurudanti, Rose Law Group partner and director of corporate transactions, provides a key tip on how to reduce anxiety

Justice Department to reopen inquiry into NAR

Ryan Hurley returns to Rose Law Group as chairman of cannabis department

These Arizonans are among world’s richest

As California city trades in old gas plant for giant grid battery, Court Rich, Rose Law Group co-founder and energy attorney, highlights the upsides of this form of energy storage

Post Calendar

Bankruptcy could delay SunZia project

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!