Court approves Eversource settlement and service agreement
The court approved Burgess BioPower and Berlin Station’s settlement with Public Service Company of New Hampshire, d/b/a Eversource Energy, and authorized the debtors to enter a Local Service Agreement with Eversource and ISO New England. The order resolves Eversource’s administrative expense application, requires Eversource to apply FERC-related refund amounts against 2024 tariff charges, and requires the debtors to pay the net agreement balance within three business days after invoicing plus post a $150,000 cash security deposit within three business days of the agreement effective date. Once those payments are made, Eversource must withdraw its administrative expense application with prejudice under the Eversource settlement order.
This matters because Burgess is no longer just fighting through confirmation-era claims cleanup; it is securing the utility and transmission-service framework needed to operate after emergence. The settlement removes a live administrative-expense dispute with a key utility counterparty while preserving service arrangements for the 75 MW biomass facility, reducing a concrete operational and claims-resolution overhang in the reorganized case.