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IN RE RELIANT ENERGY CHANNELVIEW, LP

No. 07-11160 (MFW). Civil Action No. 08-409-JJF.

403 B.R. 308 (2009)

In re RELIANT ENERGY CHANNELVIEW, LP, et al., Debtors, Kelson Channel View LLC (f/k/a Kelson Energy IV LLC), Appellant. v. Reliant Energy Channel View, LP, et al., Appellees.

United States District Court, D. Delaware.

March 31, 2009.

Attorney(s) appearing for the Case

Andrew K. Glenn, Esquire and Jeffrey R. Gleit, Esquire, Kasowitz, Benson, Torres & Friedman LLP, New York, NY, Garvan F. McDaniel, Esquire, Bifferato Gentilotti LLC, Wilmington, DE, for Appellant.

Mark D. Collins, Esquire; Robert J. Stearn, Jr., Esquire; Paul N. Heath, Esquire and Cory D. Kandestin, Esquire of Richards, Layton & Finger, P.A., Wilmington, DE, for Appellees.

MEMORANDUM OPINION

JOSEPH J. FARNAN, JR., District Judge.

Pending before the Court is an appeal by Kelson Channelview LLC (f/k/a Kelson Energy IV LLC) ("Kelson") of two Orders of the Bankruptcy Court: (1) the March 18, 2008 Order approving the Debtors' request for certain bidding procedures for the auction of their assets, but expressly rejecting the Debtors' request for authorization of a $15 million payment to Kelson as a break-up fee (the "Bidding...

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