IN RE LOUISIANA PELLETS, INC.

Case No. 16-80162, Jointly Administered.

IN RE: LOUISIANA PELLETS, INC., ET AL, Chapter 11, Debtor in Possession.

United States Bankruptcy Court, W.D. Louisiana, Lafayette Division.

July 22, 2016.


Attorney(s) appearing for the Case

Louisiana Pellets, Inc., Debtor In Possession, represented by H. Kent Aguillard , C. Davin Boldissar , Alan H. Katz , Locke Lord, Bradley Clay Knapp , Locke Lord LLP.

Office of U. S. Trustee, U.S. Trustee, represented by Richard Drew , U. S. Trustee.

Official Committee of Unsecured Creditors, Creditor Committee, represented by Laura F. Ashley , Jones Walker LLP, Richelle Kalnit , Cooley LLP, Mark A. Mintz .


REASONS FOR DECISION

The question before the court is the scope of the safe harbor created by 11 U.S.C. § 556 and whether a long-term wood pellet supply agreement falls within that safe harbor. Section 556 allows a "forward contract merchant" to terminate a forward commodities contract post-petition...

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