Calpine Wants To Back New Power Plant

Law360, New York (August 14, 2007, 12:00 AM EDT) -- Bankrupt energy company Calpine Corp. has asked a bankruptcy judge to approve a pre-bankruptcy plan it made with affiliate Freeport Energy Center LP to be the guarantor on a project to construct a new power plant.

Calpine asked Judge Burton R. Lifland to sign off on the plan, which involves an agreement between Freeport Energy and Dow Chemical Co., in a motion filed on Friday with the U.S. Bankruptcy Court for the Southern District of New York. In order for the construction of the power plant...
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