Key Developments: Calpine Corp (CPN)
20.92USD
22 May 2013
$-0.47 (-2.20%)
$21.39
$21.35
$21.60
$20.81
2,761,161
2,999,806
$22.16
$15.90
Latest Key Developments (Source: Significant Developments)
Calpine Corp Reaffirms FY 2013 EBITDA Guidance
Calpine Corp announced that for fiscal 2013, it expects adjusted EBITDA in the range of $1.800-1.960 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $1.86 for fiscal 2013. Full Article
Calpine Corp Increases Share Repurchase Authorization
Calpine Corp announced that on February 2013 the Board of Directors authorized the repurchase of up to an additional $400 million in shares of the common stock. Full Article
Calpine Corp Reaffirms FY 2013 EBITDA Guidance
Calpine Corp announced that for fiscal 2013, it expects adjusted EBITDA in the range of $1.760-1.960 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $1.89 for fiscal 2013. Full Article
Alliant Energy Corp's Wisconsin Power and Light Company Closes Purchase Of Riverside Energy Center From Calpine Corporation
Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy Corporation announced that it has closed on the purchase of Riverside Energy Center, LLC, which owned the Riverside Energy Center. Riverside Energy Center, LLC, was owned by Calpine Corporation at the time it was purchased by WPL. The purchase price was approximately $400 million. The Riverside Energy Center is a 600MW combined cycle natural gas-fired electric generating facility located in Beloit, Wisconsin. Full Article
Calpine Corp Completes Sale Of Broad River Energy Center To Energy Capital Partners LLC
Calpine Corp announced that it has completed the sale of the Broad River Energy Center to Broad River Power LLC, an affiliate of Energy Capital Partners LLC, for $427 million plus adjustments, or approximately $504 per kilowatt. Located in Gaffney, South Carolina, the Broad River Energy Center is an 847 megawatt simple-cycle, natural gas-fired power plant. It began commercial operations in June 2000 and has two long-term power contracts with Carolina Power & Light Co., a subsidiary of Duke Energy Corp. Full Article
Calpine Corp Extends Contract
Calpine Corp announced that Jack Fusco, President and Chief Executive Officer since August 2008, has agreed to extend the term of his contract through December 2015. Mr. Fusco will continue to serve as CEO through the May 2014 Annual Meeting, immediately following which he will become Executive Chairman of the Board of Directors. Full Article
Calpine Corp Completes Purchase of Bosque Power Plant in Central Texas
Calpine Corp announced that it has completed the acquisition from Bosque Power Company, LLC, of a natural gas-fired, combined-cycle power plant located in Bosque County, Texas. Calpine purchased the plant, which has generating capacity of 800 megawatts, for $432 million plus adjustments, or $540 per kilowatt. Full Article
Calpine Corp Narrows FY 2012 EBITDA Guidance; Issues FY 2013 EBITDA Guidance
Calpine Corp announced that it is able to maintain the midpoint of fiscal 2012 Adjusted EBITDA while narrowing the range. The Company expects adjusted EBITDA of $1.725-$1.775 billion and for fiscal 2013 of $1.760-$1.960 billion. Full Article
Calpine Corp To Buy Texas Power Plant For $432 Million-Reuters
Reuters reported that Calpine Corp, the U.S. independent power generator will buy an 800-megawatt power plant from Bosque Power Co LLC for $432 million plus adjustments, boosting its capacity in power-hungry Texas. The 280-acre plant, located in Central Texas in Bosque County, comprises two generating blocks powered by natural gas. The Houston-based company expects to close the deal in early November and plans to fund it with cash on hand. Full Article
Calpine Corporation Raises Low End Of Prior FY 2012 EBITDA Guidance To A Range In Line With Analysts' Estimates
Calpine Corporation revised fiscal 2012 guidance and expects Adjusted EBITDA in the range of $1.700 - $1.800 billion (prior guidance for fiscal 2012 adjusted EBITDA was in the range of $1,675-$1,800 billion). According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $1.773 billion for fiscal 2012. Full Article
UPDATE 1-NRG, Calpine adding natgas-fired plants in California
May 2 - U.S. power companies NRG Energy Inc and Calpine Corp are adding new generation in California to help balance the state's growing reliance on renewable energy sources expected to come online in the next decade, the companies said on Thursday. NRG said its 720-megawatt (MW) Marsh Landing natural gas-fired peaking plant in Northern California entered service Wednesday, according to a release. Marsh Landing, which can supply power for up to 650,000 homes, is located near
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