CHICAGO A utility and
three benefits groups have been appointed to the unsecured
creditors committee in the Chapter 11 bankruptcy
proceedings of aluminum producer Ormet Corp.
Documents filed March 7 in a
Delaware bankruptcy court show that the committee includes the
United Steelworkers union, Pittsburgh; American Electric Power
Co. Inc., Columbus, Ohio; the Corporation Hourly Retiree
Benefit Trust, Pittsburgh; and the Pension Benefit Guaranty
Hannibal, Ohio-based Ormet filed
for Chapter 11 bankruptcy protection Feb. 25, citing high
legacy and power costs and low aluminum prices (
amm.com, Feb. 26).