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Revel Seeks ACR Energy Penalties as It Plans to Cut Power

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Revel AC Inc., the bankrupt Atlantic City, New Jersey, casino owner, asked a judge to penalize its power provider for planning to cut off electricity on Feb. 5, Bloomberg News reported yesterday. Revel said in court papers yesterday that it received a letter from ACR Energy Partners LLC over the weekend announcing its plan to terminate service, which the casino company called a violation of the Bankruptcy Code’s automatic stay. ACR Energy should be fined $10 million for shutting off the power, plus $1 million a day until the juice is restored, Revel said in the filing in U.S. Bankruptcy Court in Camden, N.J.