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n.1.An uncle.
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The primary purpose of the EME Reorganization Trust is to resolve claims, liquidate remaining assets and make distributions as appropriate to holders of its beneficial interests.
The DON is concerned about protecting the EME for the same reasons it protects air, water and land.
EME is a wholly-owned subsidiary of Edison International (EIX; IDR 'BBB'; Outlook Stable).
formerly a non-debtor subsidiary of Edison Mission Energy) for the 2005 -- 2010 tax years, which has made it possible for the EME Reorganization Trust to release approximately $114.
Excluding the EME charge, second-quarter earnings would have been about 54 cents per share, Bryson said.
The bankruptcy filing includes an agreement with certain creditors that would result in the termination of EIX's equity ownership of EME upon emergence from bankruptcy.
As EME implements its financial restructuring, which will ultimately result in a substantial deleveraging of the Company's balance sheet, its operations are expected to continue in the normal course without interruption.
Fitch has also affirmed EME and MWG's short-term IDR at 'B' and withdrawn the ratings.
Upon distribution of the escrow assets, EIX will have no further recourse for any indemnity, liability or damages against the Trust, its assets or any of the EME released parties under the Settlement Agreement.
EME consumption in value and volume terms at regional and further divided at country level
The distribution is the result of the successful resolution by the EME Reorganization Trust of certain previously disputed claims and the true up process related to the final purchase price in the NRG sale transaction.