Calpine Predicts June Emergence From Chapter 11

Law360, New York (May 9, 2007, 12:00 AM EDT) -- Bankrupt energy provider Calpine Corp. expects to emerge from Chapter 11 protection by the end of June, according to a recent filing with the U.S. Securities and Exchange Commission.

In the 10-Q form, filed with the SEC on May 9, the company outlined milestones achieved during its stay in bankruptcy protection, and stated that although the bankruptcy has been anything but smooth, “we believe our accomplishments to date have positioned us to capitalize on our core competencies and successfully emerge from Chapter 11.”

“We have successfully...
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