#United States #Chapter 11 #West Virginia #Pleasants Power Station #Belmont, West Virginia

Omnis Pleasants, LLC Initiates Voluntary Chapter 11 Process

BELMONT, W.Va., July 27, 2026 — Omnis Pleasants, LLC, operating as Pleasants Power Station, has taken a significant step by filing a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in Delaware. This strategic move aims to facilitate important negotiations with stakeholders and support the sale process. The leadership team is committed to improving the reliability and performance of the power plant while focusing on reinforcing the company’s financial position.

Leadership's Insight

David Hindman, CEO of Pleasants, expressed the management’s view, stating that after thorough discussions with legal advisors and the management team, they are confident that entering Chapter 11 is the optimal path to achieve favorable resolutions for all parties involved. Hindman emphasized the company's dedication to ensuring a complete recovery for the State of West Virginia and securing a promising future for Pleasants Power Station. He affirmed that the current management team will collaborate closely with the State of West Virginia and other stakeholders to reach the best possible outcome.

Uninterrupted Operations

As part of the Chapter 11 filing, the company has made customary motions to the bankruptcy court, seeking approval to maintain normal business operations. This includes commitments to the PJM Interconnection, essential cash management practices for paying wages, and fulfilling vendor relationships post-petition. The company anticipates court approval shortly, which will also allow the continuation of its sale process. Pleasants envisions that this will eventually lead to an independent third party purchasing the power station, thereby ensuring its sustainable operation moving forward.

Additional Information Available

Interested parties and stakeholders can find court filings and additional information regarding the Chapter 11 case at cases.stretto.com/pleasantspowerstation.

About Omnis Pleasants LLC

Pleasants Power Station stands as a significant coal-fired power plant with a capacity of 1,278 megawatts. It plays a crucial role in providing generation capacity to the regional market and contributes to grid reliability. The facility employs a dedicated workforce comprised of nearly 140 residents from West Virginia, highlighting its importance to the local economy.

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This decision reflects Omnis Pleasants' commitment to navigating challenging times while ensuring the well-being of its stakeholders and the community it serves.