We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Calpine Seeks Approval For $4.5M FERC Settlement

Law360 (April 20, 2007, 12:00 AM EDT) -- Bankrupt energy provider Calpine Corp. has asked a bankruptcy court to approve a $4.5 million settlement with the Federal Energy Regulatory Commission, which will bring an end to allegations that Calpine misused gas pipelines.

Calpine on Thursday filed a motion to approve the settlement in the U.S. Bankruptcy Court for the Southern District of New York, asking the court to grant FERC a pre-petition unsecured claim of $4.5 million.

The settlement relates to the use of natural gas pipelines by Calpine subsidiary CES, which was created...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.