Calpine (CPN) closed on a previously announced power plant sale in the last few days. The sale was a small one, and was not a full merchant (uncontracted) facility, but was a 50% interest in a cogeneration power plant in Pennsylvania.
Continue reading "Power plant asset values ... a Calpine power plant sale closes" »
Calpine (CPN) revealed on June 14th the 4 power plants (out of 8 announced a few weeks ago) it has tentatively reached agreement to sell. Calpine also announced the expected proceeds and sales price of these 4 power plants.
Continue reading "Power plant asset values ... pricing points from additional Calpine plant sales" »
Calpine (CPN) shares rose over 30% yesterday (from $1.98 per share to $2.64 per share) in response to its announcement that the merchant power generation (merchant power generation is generation that is dedicated for sale in the wholesale markets, rather than the retail markets ... and often not under long-term contract) company is going to aggressively address its financial stress by accelerating debt repayment and cutting operating costs even deeper through more aggressive asset sales and shutting down of uneconomic power plants.
Continue reading "Calpine (CPN) management responds to ongoing financial stress" »
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