BNET Industries
Calpine Corp. (CPNL Q) is in the Energy Industry
- Revenue
- Dec 31 2007
- $7.9B
- Profit
- Dec 31 2007
- $2.6B
- Market Cap
- Jul 23 2008
- $7.3B
Latest News and Analysis
Calpine Names Andre Walker Vice President, Finance and Investor Relations
HOUSTON & SAN JOSE, Calif. -- Calpine Corporation (NYSE:CPN) today announced the promotion of Andre Walker to Vice President, Finance and Investor Relations, where he formerly served as director. In this role, Mr. Walker's responsibilities will include managing investor relations, while continuing his current corporate finance responsibilities. "Andre's...
POWER Hires Charles B. Clark, Jr. as Chief Financial Officer
FREMONT, Calif. -- Advanced Power Projects, Inc. ("POWER"), announces the appointment of Charles B. Chuck Clark, Jr. as Chief Financial Officer. Chuck brings over 25 years of accounting and finance experience in the power industry, and has supported the raising of over $20 billion in public and private capital market...
Calpine Announces Appointment of Zamir Rauf as Interim Chief Financial Officer
HOUSTON & SAN JOSE, Calif. -- Calpine Corporation (NYSE:CPN) today announced that Zamir Rauf has been appointed interim Chief Financial Officer effective immediately. He will succeed Lisa Donahue, who has served as Calpine's interim Chief Financial Officer since November 2006, and is a managing partner at AlixPartners. "We...
Calpine Determines that NRG Proposal Is Inadequate and Materially Undervalues Company; Authorizes Advisors To Ascertain Whether Basis Exists For Discussions
HOUSTON & SAN JOSE, Calif. -- Calpine Corporation (NYSE: CPN) today announced that its Board of Directors, after thoroughly reviewing the proposal from NRG Energy, Inc. (NYSE: NRG) in its letter of May 14, 2008 and in consultation with its financial and legal advisors, has unanimously determined that NRG's proposal...
Fitch Publishes Valuation of NRG Energy & Calpine Assets
CHICAGO -- In light of NRG Energy Inc.'s NRG unsolicited offer to purchase Calpine Corp. CPN, Fitch Ratings has published an estimation of the asset values of both NRG (rated 'B' with an Evolving Rating Outlook by Fitch) and CPN. Fitch placed NRG on Rating Watch Evolving on...
NRG's Statement Regarding Calpine's Response
PRINCETON, N.J. -- NRG Energy, Inc. (NYSE: NRG) today issued the following statement regarding Calpine Corporation's (NYSE: CPN) response to a proposed combination. "We respect the Calpine Board's decision but are disappointed that they have decided not to move quickly to deliver the benefits of our proposal to...
New York
WORLD MARKETS The Dow rebounded modestly after two days of steep declines, as energy prices pulled back from record highs and a proposed major acquisition in the utilities sector buoyed optimism. NRG Energy made an unsolicited bid to buy competitor Calpine for about $11bn in stock. Calpine...
Fitch Places NRG Energy on Rating Watch Evolving Following Acquisition Offer
CHICAGO -- Fitch Ratings has placed all its ratings of NRG Energy Inc. NRG, including the Issuer Default Rating IDR of 'B', on Rating Watch Evolving following NRG's unsolicited offer to acquire Calpine Corp (CPN, not rated by Fitch) in a stock-for-stock transaction. Evolving signifies that Fitch may upgrade, downgrade...
NRG Energy, Inc. Confirms Proposal to Calpine
--Transaction would create the definitive competitive power generation company-- * The combined company would create the archetypical U.S. wholesale power generation company-- multi-regional, multi-fuel, across-the-merit-order and appropriately-scaled; * The combined company would consist of four fully capable regional generation businesses, each consisting of at least 8GW...
Calpine Announces Change to Board of Directors
HOUSTON & SAN JOSE, Calif. -- Calpine Corporation (NYSE: CPN) today announced that Kenneth Derr has notified the Company of his intention to resign as a director, effective today. Mr. Derr tendered his resignation in order to focus his time and energies on other business and personal matters....
BellwetherReport.com Analyst Report on CPN, DKS, GME and NRG
BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...
Harbinger Capital Partners® Recommends Calpine Corporation Review NRG Energy, Inc.'s Proposed Merger of Equals
Calpine's Largest Shareholder Urges Board to Put CEO Search on Hold NEW YORK -- The Harbinger Capital Partners[R] Funds today sent the following letter to the Board of Directors of Calpine Corporation (NYSE: CPN) regarding NRG Energy, Inc.'s (NYSE: NRG) proposed merger of equals: HARBINGER CAPITAL...
Calpine Comments on NRG Unsolicited Proposal
Calpine Advises Shareholders to Take No Action at This Time HOUSTON & SAN JOSE, Calif. -- Calpine Corporation (NYSE:CPN) today confirmed that on May 14, 2008, it received an unsolicited proposal from NRG Energy, Inc. (NYSE:NRG) regarding a potential combination between Calpine and NRG. The terms of NRG's...
Calpine Reports First Quarter 2008 Financial and Operating Results
Continued Improvement in Operations Demonstrated by a 15% Increase in Commodity Margin and an 18% Increase in Adjusted EBITDA HOUSTON & SAN JOSE, Calif. -- Calpine Corporation (NYSE:CPN) ("Calpine" or the "Company") today reported financial and operating results for the quarter ended March 31, 2008. Calpine's Quarterly Report...
Calpine Names Interim Chief Operating Officer
HOUSTON & SAN JOSE, Calif. -- Calpine Corporation (NYSE:CPN) announced today that Todd W. Filsinger has been named Interim Chief Operating Officer COO, effective immediately. As Interim COO, Mr. Filsinger will oversee all aspects of Calpine's operations including Power, Commercial, Environmental Health and Safety, Engineering and Project Development. Previously, Mr....
Smurfit-Stone Container Corp
Smurfit-Stone Container Corp. will take controlling interest in Calp-ine Corrugated LLC, an independent corrugated container producer based in Fresno, CA. Smurfit-Stone, which is the primary containerboard supplier to Calpine Corrugated, will take a 90% ownership interest in the company. The transaction is expected to close in the second quarter...
Smurfit-Stone Reports First Quarter 2008 Earnings
- Adjusted net loss of $0.09 per share is comparable with prior year first quarter - Average box prices improved for fifth consecutive quarter - First quarter impacted by Calpine charge, seasonal factors, higher cost inflation, and lower box shipments 1Q 2008 4Q 2007...
Calpine Monterey Cogeneration Plant Receives Green Business Certification
HOUSTON & SAN JOSE, Calif. -- Based on its demonstrated commitment to the environment, Calpine Corporation's (NYSE:CPN) Monterey Cogeneration plant in Watsonville, Calif., has been selected to receive a Green Business Certification from the County of Santa Cruz Department of Public Works. The Green Business Certification Program is...
Analysis Group Client Calpine Achieves Rarely Granted "Substantive Consolidation" in Bankruptcy Case
BOSTON -- In a decision that will allow Analysis Group client Calpine Corp. to avoid a protracted battle over a massive restructuring plan, the United States Bankruptcy Court for the Southern District of New York has ruled that the electricity wholesaler may substantively consolidate the debt obligations of its myriad...
Calpine's Columbia Energy Center Receives U.S. EPA 'Energy Star' Certification for Combined Heat and Power
HOUSTON & SAN JOSE, Calif. -- Calpine Corporation (NYSE:CPN) announced today that its Columbia Energy Center, located in Gaston, S.C., has won a 2008 ENERGY STAR CHP Award from the United States Environmental Protection Agency EPA. The award recognizes the plant's highly efficient combined heat and power CHP design that...
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- Incorporated: 1984
- CEO: Mr. Robert P. May
- Employees: 2,080
Calpine and its consolidated subsidiaries are engaged in the business of generating and selling of electricity and electricity-related products, through the operation of its portfolio of power generation facilities. Co. markets electricity produced by its generating facilities to utilities and other third party purchasers while thermal energy produced by the gas-fired power cogeneration facilities is primarily sold to industrial users. As of Dec 31 2007, Co.'s portfolio of plants was comprised of two power generation technologies: natural gas-fired combustion (primarily combined-cycle) and renewable geothermal facilities.
Key Competitors
Calpine Corp. Company Info
Board of Directors
Mr. William J. Patterson
Chairman
Mr. Kenneth T. Derr
J. Stuart Ryan
Mr. Robert P. May
Mr. David C. Merritt
Ms. Denise M. O'Leary
Mr. Robert C. Hinckley
Mr. Frank Cassidy
Mr. W. Benjamin Moreland
Contact Information
50 West San Fernando Street
San Jose, CA
408 995-5115
NAICS Code
Electric Power Distribution: 221122Brought to you by IBMSponsored Resources
