Homer City Funding LLC, the issuer of bonds for the Homer City generating station operated by a unit of power-provider Edison International, filed for bankruptcy court protection, Bloomberg News reported yesterday. Homer City, formed to issue debt securities, listed assets and debt of $500 million to $1 billion each in chapter 11 papers filed in court yesterday. Edison in September agreed to transfer control of its Homer City coal-fired power plant east of Pittsburgh to General Electric Capital Corp. That agreement is subject to consent by more than two-thirds of bondholders, according to a filing with the U.S. Securities and Exchange Commission.
