BERLIN - Burgess BioPower on Friday said it had terminated its purchase power agreement with Eversource and filed for Chapter 11 voluntary bankruptcy.

The bankruptcy filing was not a surprise. Burgess BioPower had warned it faced bankruptcy after the legislature failed to overturn Gov. Chris Sununu’s veto of a bill that would have eliminated the requirement that the company repay $71 million in overmarket costs.

Tags

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Post a comment
Stop watching this discussion.