Calpine Wants To Stop Footing The Bill For Bondholders

Law360, New York (June 13, 2006, 12:00 AM EDT) -- After repaying the debt to a bondholders group that led to its meltdown into bankruptcy, Calpine Corp. wants to close its wallet, claiming it should not have to fork over more to bondholders for mounting professional fees.

The energy giant, which had wrangled with its first-lien bondholders long before it filed for Chapter 11 in December, contends that these fee payments will only fuel the bondholders dispute with the company.

Calpine has paid approximately $350,000 for the fees each month, which are estimated to increase to...
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