Acadia Asks Court To Cut Deal With Calpine

Law360, New York (March 9, 2006, 12:00 AM EST) -- Tired of being dragged down by bankrupt power generator Calpine Corp., Acadia Power Partners LLC has asked a bankruptcy court to order Calpine to fork over $4.7 million or permit it to sell its power to other utilities.

Acadia Power, a joint venture between Cleco Corp. and Calpine divisions, claimed Calpine’s bankruptcy has put it in a state of financial distress, according to court documents. Acadia is looking for Calpine to make good on its dues or throw out the contracts so Acadia can freely sell...
To view the full article, register now.