Wisconsin Seeks Outside Help in Calpine Bankrupcy

Law360, New York (February 1, 2006, 12:00 AM EST) -- Wisconsin Attorney General Peggy Lautenschlager has asked the governor for permission to retain outside legal counsel to represent the state in the bankruptcy proceedings of power giant Calpine Corp., anticipating complicated maneuvers to wiggle the company out of its energy contracts under the shield of Chapter 11 protection.

Lautenschlager said she expects Calpine to seek a break from its obligations to provide electricity at pre-negotiated rates, which could hurt customers. She said the outcome of the case could affect the price and supply of energy in...
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