Bloomberg Law
June 23, 2022, 10:02 PM

Bankrupt Ector Lands $144.8 Million Bid From Rockland Capital

Daniel Gill
Daniel Gill

Ector County Energy Center LLC, a bankrupt electricity producer, plans to sell nearly all assets to Rockland Capital for about $144.8 million.

Rockland’s winning bankruptcy auction bid, announced in a filing Thursday in the US Bankruptcy Court for the District of Delaware, will need court approval, likely to be issued at a hearing scheduled for June 27.

The price could increase by up to $2.7 million depending on certain incentives, Ector said.

Based in Texas’ Permian Basin, Ector filed Chapter 11 in April, blaming a large number of lawsuits following the 2021 winter storm that halted many Texas power ...