Bankruptcy Judge Mary Walrath on Monday said that LSP Energy can take $13.25 million off of the nearly $300 million purchase price for its Mississippi power plant as the sale is held up by an outage that began in September, Dow Jones DBR Small Cap reported today. LSP last month sought permission to cut the price South Mississippi Electric Power Association will pay for the 837-megawatt gas-fired plant to $272.6 million from $285.9 million to compensate the company for the "risk associated with taking ownership of the Facility when all repairs may not have been completed."
