Calpine Creditors Seek Canadian Counsel

Law360, New York (June 12, 2006, 12:00 AM EDT) -- The unsecured creditors committee in Calpine Corp.’s Chapter 11 case has asked the court for permission to retain a Canadian law firm to help deal with the bankrupt power company’s Canadian subsidiaries.

If the request is approved by U.S. Bankruptcy Judge Burton R. Lifland, Fasken Martineau DuMoulin LLP will charge Calpine as much as $775 an hour for services including advising and assisting the committee with respect to their “rights, duties and powers” as they relate to the Canadian proceedings.

Nine Canadian affiliates of Calpine listed...
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