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Danskammer Files for Bankruptcy
Reliability concerns keep power plant open, for now Danskammer Energy, which runs a gas-fired plant on the Hudson River in the Town of Newburgh that operates only during peak demand, and which the company hoped to convert to full-time operation, filed for bankruptcy on June 10. The Chapter 11 petition, filed in Delaware, says the company owes creditors $13 million, including $11.8 million to the New York Independent System Operator, which manages the state power grid, and $760,000 in property taxes to Orange County. Danskammer did not respond to requests for comment. The filing comes five…
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