Bankruptcy Court Approves Sale of Calpine Land Lease
Posted on Jan 4, 2007 in Litigation, Regas Terminals & Capacity, State and Local Issues | Comments Off on Bankruptcy Court Approves Sale of Calpine Land Lease
The Daily Astorian reports that a New York bankruptcy court yesterday approved the transfer of Calpine Corp.’s land lease with the Port of Astoria for the proposed Skipanon LNG terminal to Leucadia National Corp. The deal requires Leucadia to provide a financial guarantee for the subsidiary that will hold the lease, LNG Development Co., because the latter has no assets.