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GenOn Energy Bankruptcy Fees Documented

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GenOn Energy filed with the U.S. Bankruptcy Court a supplemental noteholder advisors’ statement of restructuring fees and expenses for November 2017.

The notice states, “On August 31, 2017, the Debtors filed the Motion for Entry of an Order (I) Approving Marketing Process Procedures, (II) Authorizing the Debtors to Pay the Fees and Expenses of the Noteholder Advisors. On October 5, 2017, the Court approved the Motion with certain modifications. Pursuant to the Order, Davis Polk & Wardwell, Ducera Partners, Carmen L. Gentile, Quinn Emanuel Urquhart & Sullivan, Richards, Layton & Finger, Ropes & Gray, Couch White, Porter Hedges, and one additional local bankruptcy counsel in Texas (collectively, the ‘Noteholder Advisors’), as professional advisors to the Ad Hoc GenOn Notes Committee and the Ad Hoc GAG Notes Committee (collectively, the ‘Noteholder Groups’) are entitled to payment in accordance with the procedures established in the Order. Certain of the Noteholder Advisors hereby file a statement of fees and expenses for the period of November 2017, for professional services rendered and expenses incurred (this ‘Fee Notice’), Exhibit A.”

In addition, “The following are the aggregate fees and expenses for the respective professionals: Davis Polk & Wardwell – $1,314,727.53, Ducera Partners – $175,799.82, Carmen L. Gentile – $15,220.40, Quinn Emanuel Urquhart & Sullivan – $169,345.63, Couch White- $23,757.80, Porter Hedges – $7,391.22 and Jackson Walker – $13,542.40.”

Read more GenOn Energy bankruptcy news.