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Calpine Owes $45M In Fees For Five-Month Period

Law360 (August 21, 2006, 12:00 AM EDT) -- Financial and legal advisors in the Chapter 11 proceedings of Calpine Corp. have requested over $45 million in fees for the latest five-month period, including over $14 million requested from Calpine’s lead law firm Kirkland & Ellis LLP.

Kirkland, which acts as attorney for the debtors and debtors in possession, is requesting the compensation and reimbursement for the five-month period between February 1, 2006 and June 30, 2006, according to court documents filed on Friday.

The amount Kirkland asked for breaks down to around $13.5 million...
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