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Article: Calpine Receives Court Approval for Sale of Ownership in Acadia Power Partners, LLC for Approximately $189 Million.
- Article from:
- PR Newswire
- Article date:
- August 2, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN JOSE, Calif., and HOUSTON, Aug. 1 /PRNewswire-FirstCall/ -- Calpine Corporation announced today that it has received approval from the U.S. Bankruptcy Court, Southern District of New York for the previously- announced sale of the company's 50% ownership interest in Acadia Power Partners, LLC, the owner of the Acadia Energy Center, to Cajun Gas Energy, L.L.C., an affiliate of pooled investment funds managed by King Street Capital Management, L.L.C., for approximately $189 million, representing an additional $44 million dollars over the stalking horse bid. The sale price includes the payment of $85 million in priority distributions due to Acadia Power Holdings, LLC ...
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Article: Acadia Power Partners Gain Right to Market Plant's ...
Business Wire;
March 23, 2006 ;
700+ words
... ... of New York approved a request giving Acadia Power Partners LLC, a joint venture between ... tolling agreements for the output of the Acadia Power Partners' (APP) plant. CES asked ... operates a regulated electric utility company that serves about 267,000 customers ...
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