ORDER UNDER 11 U.S.C. § 365(A) AND 105(A) AND BANKRUPTCY RULE 6006 AUTHORIZING REJECTION OF EXECUTORY CONTRACT (GREAT LAKES CONFIRMATION) WITH CINERGY MARKETING TRADING, LLC
JOHN H. SQUIRES, United States Bankruptcy Judge.
This matter having come before the Court on the motion, dated June 28, 2002 (the "Motion"),2 of the above-captioned debtors and debtors-in-possession (collectively, the "Debtors'), for an order under 11 U.S.C. § 365(a) and 105(a) and Rule 6006 of the Federal Rules of Bankruptcy Procedure authorizing the Debtors to reject the executory contract with Cinergy Marketing Trading, LLC ("Cinergy") known as the Great Lakes Confirmation effective as of July 1, 2002, as more fully described in the Motion; and it appearing that notice of the Motion was good and sufficient under the particular circumstances and that no other or further notice need be given; and upon the record herein; and after due deliberation thereon; and good and sufficient cause appearing therefor, it is hereby
ORDERED, ADJUDGED AND DECREED THAT:
1. The Motion be, and it hereby is, GRANTED. That certain Base Contract for Short-Term Sale and Purchase of Natural Gas dated March 1, 2001 and that certain transaction confirmation dated May 2, 2001 under which the Debtors purchased Natural Gas from Cinergy for their Great Lakes steel division (the "Granite City Confirmation"), attached to the Motion as Exhibits 1 and 2, are hereby rejected effective as of July 1, 2002.
2. This Court shall retain jurisdiction to decide any disputes arising between the Debtors and Cinergy with respect to the rejection of the Contract or this Order.
3. Cinergy shall have until the general bar date as established in these cases to file a claim for rejection damages, if any, arising from rejection of the Contract.
4. The Motion and the entry of this Order are core proceedings within the meaning of 28 U.S.C. § 157(b). This is a final order within the meaning of 28 U.S.C. § 157 and 158.