Calpine Plan Calls For Amended Valuation Analysis

Law360, New York (September 19, 2007, 12:00 AM EDT) -- Calpine Corp. has filed its second amended reorganization plan, which allows creditors and shareholders to vote in favor of the plan without compromising their ability to contest the valuation of the company, and calls for an updated valuation analysis no later than five days before the voting deadline.

On Tuesday, Calpine lodged its second amended restructuring plan and disclosure statement with the U.S. Bankruptcy Court for the Southern District of New York.

The second amended plan calls for Calpine's financial advisor, Miller Buckfire, to issue an...
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