MidwestGen parent wants to end retiree health benefits

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The parent of Midwest Generation LLC wants a bankruptcy judge to let it to stop providing subsidized health coverage to nearly 500 retirees and longtime workers at the former Commonwealth Edison coal-fired plants.

The petition would end the benefits, promised to both union and non-union retirees and employees at the plants in 1999 when Edison Mission Energy bought them from ComEd, Crain’s Chicago Business reports.

The union benefits would end in March 2015, while the non-union benefits would end once the assets emerge from bankruptcy, which is expected to happen in the first half of the year.

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