Longview Power LLC filed for chapter 11 protection along with certain of its affiliates, a court filing showed, as the U.S. power plant operator aims to restructure its debts to gain financial and operational flexibility, Reuters reported today. Longview Power, majority-owned by First Reserve Corp., a private investment firm, listed liabilities and assets of more than $1 billion, a court filing showed. Longview said that there will be no interruption to its business and employees will not be affected by the chapter 11 filing.
