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IN RE NATIONAL ENERGY GAS TRANSMISSION, INC. (Bankr.D.Md. 2005)
ORDER APPROVING SETTLEMENT AGREEMENT BY AND AMONG CALIFORNIA POWER EXCHANGE CORPORATION, NEGT ENERGY TRADING — POWER, L.P. AND OTHER SETTLING PARTIES
PAUL MANNES, Bankruptcy Judge
Upon the motion (the "Motion") pursuant to: (i) section 105(a) of title 11 of the United States Code (the "Bankruptcy Code"); and (ii) Rule 9019(a) of the Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules"), for an order authorizing and approving that certain Settlement Agreement, dated August 29, 2005 (the "Settlement Agreement"), by and among California Power Exchange Corporation ("CalPX"), ET Power, and other settling parties, and a certain related letter agreement, between ET Power and CalPX (the "Letter Agreement" and, collectively with the Settlement Agreement, the "Agreements"), for an order, pursuant to section 105(a) of title 11 of the United States Code and Rule 9019(a) of the Federal Rules of Bankruptcy Procedure, approving the Agreements; and it appearing that due and sufficient notice of the Motion was provided and that no further notice is necessary; and it appearing that the relief requested in the Motion is in the best interests of ET Power, its creditors, and its estates; and after due deliberation and sufficient cause therefore, it is by the United States Bankruptcy Court for the District of Maryland,
ORDERED, that the Motion is granted; and it is further
ORDERED, that all capitalized terms not defined herein have the meaning set forth in the Motion; and it is further
ORDERED, that the Agreements are approved in their entirety; and it is further
ORDERED, that ET Power is authorized to implement the Agreements in accordance with their terms; and it is further
ORDERED, that this Court shall retain jurisdiction respecting all matters arising from or relating to the implementation of the Stipulation or this Order.
SO ORDERED.
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