Burgess BioPower, LLC and Berlin Station, LLC own and operate a 75-megawatt biomass-fueled power plant in Berlin, New Hampshire—the largest in the Northeast—consuming 500,000 to 800,000 green tons of wood chips annually from over 115 suppliers and supporting an estimated 230-240 direct and indirect jobs. The debtors filed for Chapter 11 protection on February 9, 2024 in the District of Delaware (Case No. 24-10235) before Judge Laurie Selber Silverstein after a dispute under their power purchase agreement with Eversource over accumulated 'over-market' cost recovery and payment withholdings, compounded by the failure of state legislative relief. The debtors obtained a $54 million DIP facility including $18 million in new money from senior secured lenders. An initial court-supervised sale process produced no qualifying bids by the May 2024 deadline. The case proceeded to a debt-for-equity recapitalization plan confirmed on June 20, 2025, converting approximately $145 million of funded debt to equity, with DIP lenders receiving 99% and senior noteholders 1% of the reorganized company. General unsecured creditors, subordinated note holders, and existing equity interests received no recovery. Post-confirmation, Olympus Power assumed plant management from CS Operations.
