market forces
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GasCalifornia Merchant Gas Generator, Lamenting Market Forces, Files for Bankruptcy
The owner of a merchant 1,022-MW combined cycle natural gas–fired power plant in California has filed for bankruptcy protection, citing regulatory policies and market forces that have depressed revenues. La Paloma Generating Co. on December 6 filed for U.S. Chapter 11 bankruptcy, blaming a debt of $524 million that it racked up even though its four-unit […]