Calpine, Cleco Reach Agreement On Plant
The settlement, reached Monday, will allow Cleco’s Acadia Power Holdings LLC to pursue an $85 million claim in Calpine’s bankruptcy.
In addition, Acadia Power Holdings will purchase Calpine’s interest in Acadia Power Partners, which controls the plant and is currently controlled by both companies, for $60 million. The $60 million will be considered as a bid in the auction of Calpine’s share of...
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