Calpine Asks Court To Toss Towantic's Bankruptcy

Law360, New York (July 20, 2007, 12:00 AM EDT) -- Calpine Corp. has asked a judge to throw out the Chapter 11 case of Towantic Energy LLC in order to facilitate the closing of the sale of Calpine's membership interests in the holding company, which tumbled into bankruptcy along with the embattled utility.

Calpine said in court documents filed Thursday that U.S. Bankruptcy Judge Burton R. Lifland should dismiss the bankruptcy case of Towantic, a holding company for a 512-megawatt combined cycle gas-fired power plant in Oxford, Conn. that filed for bankruptcy in December 2005 along...
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