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Calpine Posts $197 Million Second-Quarter Profit, Moves Forward With Construction Projects, an Industrial Info News Alert

Posted on: Tuesday, 12 August 2008, 06:01 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- Power generator Calpine Corporation (NYSE:CPN) (San Jose, California), which announced restructuring plans just last year after filing for bankruptcy in December 2005, has posted a second-quarter 2008 profit of $197 million, compared with a $500 million loss in the same period last year. The announcement comes one day after the company appointed its new President and CEO, Jack Fusco, who had served as Chairman and CEO of Texas Genco (Houston, Texas). Including Calpine's Otay Mesa and Greenfield projects, Industrial Info is tracking 21 active projects that Calpine is involved in as part of its Power Tracker.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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SOURCE: Industrial Info Resources

Source: MARKET WIRE

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