Creditors of the city of Harrisburg, PA asked a judge to appoint a retired sewer executive to run the waste-to-energy incinerator that is responsible for pushing the city into insolvency.
Assured Guaranty Municipal Corp. and TD Bank NA asked state court judge Todd A. Hoover to name Robin Davidov as the receiver to take over the incinerator, which is owned by the Harrisburg Authority, a municipal agency.
Hoover ruled last month that the agency should be replaced with a receiver, as requested by TD Bank and Assured, a unit of Assured Guaranty Ltd. (AGO)