Friday, July 27, 2007

UPDATE 1-Calpine mulls alternative reorganization moves

(Reuters) - SAN FRANCISCO, July 27 - Calpine Corp
put its bankruptcy reorganization plan on hold on Friday to
weigh alternative plans presented to the independent power
producer.




Calpine, in a filing at the U.S. Securities and Exchange
Commission, said "certain parties" have contacted the company
about an alternative reorganization that would guarantee a
payout to creditors.


Read more at Reuters.com Bonds News

No comments: