Current posture

What matters now

Shannon Wind is in post-effective-date wind-down: its confirmed chapter 11 plan became effective on July 27, 2026, triggering the plan’s claims-administration and final-fee deadlines and binding the debtor, Wind Down Debtor, and stakeholders to its terms. Notice of Plan Confirmation and Effective Date Dkt. 257 The debtor filed on January 25, 2026 to pursue a going-concern sale of its 204.1-MW Texas wind project after its financial distress deepened under Citigroup Energy Inc. power-hedge obligations. Its first-day declaration traces the problem to Winter Storm Uri, the resulting high-priced replacement-power exposure, the failed hedge dispute, and CEI’s later exercise of remedies; it also described at least $5.0 million of funded debt, while the much larger hedge obligations remained central to the capital structure. first-day declaration Dkt. 14 The court then authorized consensual cash-collateral use, subject to budget controls and adequate protection for CEI and Citibank, to fund operations and the sale process. Final Cash Collateral Order Dkt. 67 The restructuring path shifted from a 150-day sale timetable to a completed transaction: Nomura reported that the sale of substantially all assets to 1370…

Updated Aug 9, 2026