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Bankruptcy Law Prohibits Termination of Calpine Lease

An attorney for the Port of Astoria says the bankruptcy clause in Calpine’s lease agreement, which would allow the Port of Astoria to terminate the agreement with Calpine in the event of the company’s bankruptcy, cannot be enforced because of existing fe
January 18, 2006

An attorney for the Port of Astoria says the bankruptcy clause in Calpine’s lease agreement, which would allow the Port of Astoria to terminate the agreement with Calpine in the event of the company’s bankruptcy, cannot be enforced because of existing federal bankruptcy laws. Yesterday’s Daily Astorian has the report.

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