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IN RE TECHNOLOGY FOR ENERGY CORP.

Bankruptcy No. 3-85-00455.

56 B.R. 307 (1985)

In re TECHNOLOGY FOR ENERGY CORPORATION, Debtor.

United States Bankruptcy Court, E.D. Tennessee.

Memorandum and Order Approving Settlement December 19, 1985.

Attorney(s) appearing for the Case

Martin & Cochran, G. Rhea Bucy, Thomas H. Forrester, Nashville, Tenn., for debtor.

Bass, Berry & Sims, John H. Bailey, III, L. Wearen Hughes, Mark Tipps, Nashville, Tenn., for First American Nat. Bank.

Heiskell, Donelson, Bearman, Adams, Williams & Kirsch, Craig J. Donaldson, Robert Litz, Knoxville, Tenn., for ITT Indus. Credit Co.

Hunton & Williams, John A. Lucas, Jeffrey S. Norwood, Knoxville, Tenn., for Bechtel Const., Inc.

Heiskell, Donelson, Bearman, Adams, Williams & Kirsch, John S. Hicks, Knoxville, Tenn., for Naxos Holding, B.V. and Norbert J. Ackermann.

Dearborn & Ewing, James R. Kelley, Nashville, Tenn., for the American Ins. Co.

Kennerly, Montgomery & Finley, G. Wendell Thomas, Jr., Knoxville, Tenn., for Energy Associates, Ltd.

House, Wallace, Nelson & Jewell, Mark W. Nichols, Little Rock, Ark., Lynn Tarpy, Knoxville, Tenn., for Arkansas Power & Light.

Snell & Wilmer, Peter J. Rathwell, Phoenix, Ariz., for Arizona Public Service, Palo Verde Nuclear Generating Station.

Richard Sedgley, Knoxville, Tenn., for the Creditors' Committee.

Memorandum and Order Approving Debtor's Proposed Settlement With First American National Bank December 19, 1985.

MEMORANDUM AND ORDER ON DEBTOR'S PROPOSED SETTLEMENT WITH FIRST AMERICAN NATIONAL BANK

CLIVE W. BARE, Bankruptcy Judge.

Technology for Energy Corporation (TEC), the debtor-in-possession, and its principal lender, First American National Bank (FANB), seek approval of a settlement fixing the amount of FANB's secured claim and releasing FANB...

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