Judge Blocks Calpine’s Bankruptcy Move
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From Reuters
A federal judge ruled that the Federal Energy Regulatory Commission had authority over certain California power supply contracts that Calpine Corp. was trying to reject, dealing a setback to the utility.
Judge Richard Casey of the U.S. District Court in Manhattan ruled that authority over the disputed contracts belonged with the commission, not the bankruptcy courts as San Jose-based Calpine had sought.
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