Edison Mission Energy, the independent power producer, won bankruptcy court approval of a description of the terms of a reorganization plan that includes an asset sale to NRG Energy Inc., Bloomberg News reported yesterday. Bankruptcy Judge Jacqueline Cox approved the disclosure statement today, Seth Gastwirth, the lawyer for Edison Mission, said. Creditors will now be asked to vote on the plan, which is supported by “all of the debtor’s major stakeholders,” including the official creditors’ committee and holders of 45 percent of the senior unsecured notes, Edison Mission has said in court papers.
