UPDATE: Utilities Object to Tweeter Estate’s Plan
A group of local energy utilities is objecting to a payment plan proposed by the estate of bankrupt retailer Tweeter.
According to Portfolio Media’s blog EnergyLaw360.com, the five utilities objected to the Tweeter estate’s proposal to provide a two-month security deposit to ensure future payment. The utilities filed an official objection in court disputing the motion.
The utility companies involved include the Atlantic City Electric Co., Baltimore Gas and Electric Co., Delmarva Power & Light Co., Florida Power & Light Co. and Potomac Electric Power Co.