Belmont, W.Va. – September 07, 2026 -- Six separate objections have been filed in the Chapter 11 case of Omnis Pleasants, LLC, owner of the 1,278-megawatt Pleasants Power Station, ahead of a September 3 hearing before U.S. Bankruptcy Judge Karen B. Owens in Wilmington, Delaware.
Four objections come from Omnis and Quantum entities challenging lender protections
Omnis Fuel Technologies, LLC (doing business as Omnis Energy) and Quantum Pleasants, LLC filed four objections disputing whether obligations claimed by lenders TRAG LLC and RG Energy LLC are properly secured by Omnis Pleasants assets. The filings also challenge the proposed sale timetable and the retention of Herbert Smith Freehills Kramer (US) LLP as bankruptcy counsel, citing the firm's disclosed prior representation of TRAG and RG Energy. The debtor, lenders and HSF Kramer dispute these positions.
According to the Omnis and Quantum filings, TRAG and RG Energy are owned and controlled by celebrity motivational speaker Tony Robbins and investor Ajay Gupta. The filings describe the lenders as affiliated with the investor group that installed the plant's current management and now asserts control over Omnis Pleasants. The court has not ruled on the lenders' claims, liens or asserted governance rights.
WVEDA warns proposed lender protections could hand TRAG and RG Energy a restructuring veto
The West Virginia Economic Development Authority, holding a claim exceeding $50 million from a loan to Quantum Pleasants guaranteed by Omnis Pleasants, filed an independent objection calling portions of the proposed lender protections "over-reaching." WVEDA warns these terms could give TRAG and RG Energy "a veto power over the debtor's restructuring" and that proposed credit-bid treatment "could chill bidding from third parties." WVEDA has not joined the pending Omnis and Quantum motion to dismiss the bankruptcy, and says it supports a transparent sale process weighing continued plant operations, workforce preservation and bidders' operating experience.
U.S. Trustee questions counsel's disclosure of prior client conflicts
The Office of the United States Trustee separately objects to the proposed retention of HSF Kramer, questioning whether the firm made disclosures necessary to establish its eligibility to represent the debtor, including disclosures concerning its prior representation of TRAG and RG Energy. HSF Kramer maintains it is qualified to represent Pleasants.
Debtor seeks cash collateral authority and sale bidding procedures at September 3 hearing
Omnis Pleasants is seeking final authority to use cash collateral and provide protections to TRAG and RG Energy, approval of bidding procedures for a sale of the operating plant, and approval of professionals to conduct the bankruptcy and sale. Judge Owens may approve, deny, modify or defer some or all of the requested relief while a separate challenge to the bankruptcy's validity remains unresolved.
"These are not abstract procedural questions," said Charles Gassenheimer, president of Omnis Energy. "The decisions made on September 3 could materially affect the control, financing and possible sale of one of West Virginia's largest power plants."
Dismissal motion alleging improper authorization set for hearing roughly 60 days later
Omnis-related entities helped acquire Pleasants and return it to operation in 2023. The plant's current management authorized a July 26 Chapter 11 filing amid a dispute over governance and control. Omnis and Quantum contend in a pending motion that the bankruptcy was not properly authorized and was not filed in good faith; the debtor and lenders dispute that account, and the court has made no findings. That dismissal motion will not be heard September 3 and is scheduled for a hearing approximately 60 days later.