Texas Freeze makes Frontera Ch. 11 credit more critical

By Vince Sullivan (Feb. 23, 2021, 8:46 p.m. EST) – Attorneys for Texas power plant owner Frontera Holdings LLC said last week’s crippling winter weather forced it to shut down its facilities for nine days and the resulting loss of revenue soared Needs an additional $ 40 million to fund Chapter 11

During a virtual hearing on Tuesday, debt attorney Matthew C. Fagen said the power plant runs on natural gas and its gas supply has been disrupted due to the storm, leading to possible violations of minimum capacity contracts with the regulators of the power grid in Mexico, where all of Frontera’s production is sold will.

“We are in…

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