(Reuters) - Dynegy Inc
Chief Judge Cecelia Morris of the U.S. Bankruptcy Court for the Southern District of New York approved the settlement at a hearing in Poughkeepsie, New York. Some creditors this week dropped their opposition to the accord.
Dynegy said creditors who joined the settlement hold more than $2.7 billion of claims against Dynegy Holdings.
The company has said Dynegy and Dynegy Holdings will be combined. It has said unsecured creditors of Dynegy Holdings, including holders of about $3.4 billion of senior notes, would receive a 99 percent equity stake in a reorganized company.
(Reporting By Jonathan Stempel in New York; Editing by Gary Hill)