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Acadia Power Partners Gain Right to Market Plant's Output; Bankruptcy Court Also Approves Mutual Termination of Power Purchase Agreement between Cleco Power LLC and Calpine Energy Services.

Publication: Business Wire
Publication Date: 23-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PINEVILLE, La. -- Cleco Corp. (NYSE:CNL) today announced the U.S. Bankruptcy Court for the Southern District of New York approved a request giving Acadia Power Partners LLC, a joint venture between subsidiaries of Cleco and Calpine Corp., the right to remarket the output of its 1,160-megawatt plant.

In addition, the court approved the mutual termination of a power purchase agreement between Cleco's utility, Cleco...

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