Judge Okays Bankruptcy Reorganization Plan for Entergy - KAIT Jonesboro, AR - Region 8 News, weather, sports

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Judge Okays Bankruptcy Reorganization Plan for Entergy

NEW ORLEANS - A bankruptcy reorganization plan for a sister company of Entergy Arkansas in the Entergy Corporation system, Entergy New Orleans, has been approved by a New Orleans judge.  The electricity and natural has utility that operates in Louisiana's largest city was devastated by Hurricane Katrina.

U.S. Bankruptcy Judge Jerry Brown said he would sign a formal order on Monday, and ENO would formally leave bankruptcy on Tuesday.

Creditors already had approved the plan, which calls for paying them all in full and for preserving all 400 jobs at ENO, a small unit of Entergy Corporation.

(The Associated Press contributed to this report.)

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