Calpine Predicts Greater Stockholder Recoveries

Law360, New York (August 28, 2007, 12:00 AM EDT) -- Calpine Corp. has filed an amended reorganization plan and disclosure statement, which the bankrupt electricity provider says should augment the returns for holders of Calpine's common stock, and keeps the company on track to have its Chapter 11 plan confirmed before the end of 2007.

Tuesday, San Jose, Calif.-based Calpine filed its first amended joint plan or reorganization and related disclosure statement in the U.S. Bankruptcy Court for the Southern District of New York, seeking to furnish equitable returns to all stakeholders and provide for the...
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