• District Court without Jurisdiction over Calpine Efforts to Reject Power Contracts
  • March 27, 2006 | Authors: Thomas M. Byrne; B. Knox Dobbins; Jacob Dweck; Richard G. Murphy; Paul Turner
  • Law Firms: Sutherland Asbill & Brennan LLP - Atlanta Office ; Sutherland Asbill & Brennan LLP - Houston Office ; Sutherland Asbill & Brennan LLP - Washington Office ; Sutherland Asbill & Brennan LLP - Atlanta Office
  • A January 27, 2006 opinion by the U.S. District Court for the Southern District of New York in the bankruptcy case of Calpine Corporation raises potential difficulties for future bankrupt energy companies' efforts at restructuring. Moreover, if not overturned on appeal, the ruling establishes a conflict with the U.S. Court of Appeals for the Fifth Circuit that could affect where energy companies choose to file their bankruptcies.