Wednesday, December 21, 2005
Calpine Bankruptcy is 9th Biggest in 25 years
AP
Calpine Files for Bankruptcy Protection
Tuesday December 20, 11:32 pm ET
Struggling Power Merchant Calpine Files for Bankruptcy Protection
SAN JOSE, Calif. (AP) -- Struggling power merchant Calpine Corp. filed for Chapter 11 bankruptcy court protection late Tuesday as it grapples with more than $17 billion in debt.
The filing in U.S. Bankruptcy Court in New York will allow Calpine to continue operations at its power plants and facilities in the United States, Mexico and Canada, the company said in a news release.
Calpine makes the list at #9 with it's new Bankruptcy announcement.
15 Largest U.S. bankruptcies since 1980
Wed Dec 21, 2005 7:00 AM PT
- Merchant electricity generator Calpine Corp. (CPNL.PK: Quote, Profile, Research) filed for bankruptcy on Tuesday with assets of $26.6 billion and debts of $22.5 billion, making it one of the largest insolvencies of the last 25 years.
Below is a list of the largest U.S. bankruptcies since 1980:
COMPANY/YEAR TOTAL ASSETS
Worldcom, Inc. (2002) $103,914,000,000
Enron Corp. (2001) 63,392,000,000
Conseco, Inc. (2002) 61,392,000,000
Texaco, Inc. (1987) 35,892,000,000
Financial Corp. of America (1988) 33,864,000,000
Refco Inc. (2005) 33,333,172,000
Global Crossing Ltd. (2002) 30,185,000,000
Pacific Gas and Electric Co.(2001) 29,770,000,000
Calpine Corp. (2005) 26,628,756,000
UAL Corp. (2002) 25,197,000,000
Delta Air Lines, Inc. (2005) 21,801,000,000
Adelphia Communications (2002) 21,499,000,000
MCorp (1989) 20,228,000,000
Mirant Corporation (2003) 19,415,000,000
Delphi Corporation (2005) 16,593,000,000
Source: BankruptcyData.com.
Calpine Files for Bankruptcy Protection
Tuesday December 20, 11:32 pm ET
Struggling Power Merchant Calpine Files for Bankruptcy Protection
SAN JOSE, Calif. (AP) -- Struggling power merchant Calpine Corp. filed for Chapter 11 bankruptcy court protection late Tuesday as it grapples with more than $17 billion in debt.
The filing in U.S. Bankruptcy Court in New York will allow Calpine to continue operations at its power plants and facilities in the United States, Mexico and Canada, the company said in a news release.
Calpine makes the list at #9 with it's new Bankruptcy announcement.
15 Largest U.S. bankruptcies since 1980
Wed Dec 21, 2005 7:00 AM PT
- Merchant electricity generator Calpine Corp. (CPNL.PK: Quote, Profile, Research) filed for bankruptcy on Tuesday with assets of $26.6 billion and debts of $22.5 billion, making it one of the largest insolvencies of the last 25 years.
Below is a list of the largest U.S. bankruptcies since 1980:
COMPANY/YEAR TOTAL ASSETS
Worldcom, Inc. (2002) $103,914,000,000
Enron Corp. (2001) 63,392,000,000
Conseco, Inc. (2002) 61,392,000,000
Texaco, Inc. (1987) 35,892,000,000
Financial Corp. of America (1988) 33,864,000,000
Refco Inc. (2005) 33,333,172,000
Global Crossing Ltd. (2002) 30,185,000,000
Pacific Gas and Electric Co.(2001) 29,770,000,000
Calpine Corp. (2005) 26,628,756,000
UAL Corp. (2002) 25,197,000,000
Delta Air Lines, Inc. (2005) 21,801,000,000
Adelphia Communications (2002) 21,499,000,000
MCorp (1989) 20,228,000,000
Mirant Corporation (2003) 19,415,000,000
Delphi Corporation (2005) 16,593,000,000
Source: BankruptcyData.com.
