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Latest Calpine Stories

2009-04-07 15:20:00

OKLAHOMA CITY, April 7 /PRNewswire-FirstCall/ -- Devon Energy Corporation (NYSE: DVN) announced today that Robert A. Mosbacher, Jr. has been appointed to its board of directors. Mr. Mosbacher fills the position vacated by David A. Hager who was recently named Devon's executive vice president of exploration and production. Mosbacher previously served on Devon's board of directors from 1999 until his resignation in 2005. His resignation resulted from his appointment in 2005 as president and...

2009-01-15 08:00:00

TULSA, Okla., Jan. 15 /PRNewswire/ -- Brookside Storage LLC announced today a nonbinding open season for storage services at its intrastate natural gas storage facility in Anderson County, Texas. Brookside is currently constructing the first of two solution-mined salt caverns that will provide 10 Bcf each of working gas storage capacity which have been approved for construction and operation by the Railroad Commission of the State of Texas. The first cavern is projected to go into full...

2008-11-13 18:00:19

HOUSTON, Nov. 13, 2008 (GLOBE NEWSWIRE) -- Rosetta Resources Inc. (Nasdaq:ROSE) ("Rosetta" or the "Company"), an independent oil and gas company, today announced it has received bankruptcy court approval for its settlement agreement with Calpine Corporation ("Calpine"). At the hearing on November 13, 2008, the bankruptcy court approved Calpine's request for court-approval to consummate the October 22, 2008 settlement agreement. No objections to this motion were filed with the court or raised...

2008-11-12 09:00:39

Researched by Industrial Info Resources (Sugar Land, Texas) -- Power generator Calpine Corporation (NYSE:CPN) (San Jose, California) has posted a third-quarter profit of $136 million, down from $197 million in the second quarter and from $3.8 billion year over year. As part of our Power Tracker, Industrial Info is monitoring 31 active Calpine projects worth $2.12 billion across the United States. Included in the database is information on the 596-megawatt Otay Mesa Energy Centre, which is...

2008-11-05 18:00:19

Cleco Corp. (NYSE: CNL) reported today 2008 third-quarter net income applicable to common stock of $37.1 million, down $30.9 million from the $68.0 million recorded in the third quarter of 2007. Included in third-quarter 2007 net income was a $24.1 million gain from the Acadia settlement with Calpine. On an earnings per share basis, Cleco recorded earnings of $0.62 per diluted share for the quarter, down $0.51 per share from the $1.13 per share recorded in the third quarter of 2007. The...

2008-10-28 03:00:33

US-based power utility Calpine has announced a settlement with Rosetta Resources of all claims related to Calpine's July 7, 2005 sale of substantially all of its oil and gas business to Rosetta. The settlement provides for a $97 million payment to Calpine from Rosetta and the conveyance of certain residual oil and gas properties by Calpine to Rosetta. The settlement resolves disputes that were the subject of litigation in the US Bankruptcy Court for the Southern District of New York,...

2008-10-22 18:00:22

HOUSTON, Oct. 22, 2008 (GLOBE NEWSWIRE) -- Rosetta Resources Inc. (Nasdaq:ROSE) ("Rosetta" or the "Company"), an independent oil and gas company, today announced it has reached an agreement to settle its pending litigation with Calpine Corporation ("Calpine"). The agreement will allow Rosetta to complete the transaction by which it purchased Calpine's oil and gas business on July 7, 2005. The agreement will also extend the contract by which Rosetta sells certain Sacramento Basin gas volumes...

2008-10-22 18:00:22

Calpine Corporation (NYSE:CPN) today announced a settlement with Rosetta Resources, Inc. of all claims related to Calpine's July 7, 2005 sale of substantially all of its oil and gas business to Rosetta. The settlement provides for a $97 million payment to Calpine from Rosetta and the conveyance of certain residual oil and gas properties by Calpine to Rosetta. This settlement resolves disputes that were the subject of litigation in the U.S. Bankruptcy Court for the Southern District of...

2008-10-21 09:00:47

Calpine and Mitsui have completed construction and have begun commercial operations at the Greenfield Energy Center, located in the St Clair Township in the province of Ontario, Canada. The Greenfield Energy Center is a limited partnership between subsidiaries of Calpine and Mitsui, each of which holds a 50% interest in the project. In 2005, Greenfield was awarded a 20-year clean energy supply contract by the Ontario Power Authority (OPA) to construct and operate the 1,005MW...

2008-10-20 09:00:34

Researched by Industrial Info Resources (Sugar Land, Texas) -- Constellation Energy Group Incorporated (NYSE:CEG) (Baltimore, Maryland) resumed construction of the Hillabee Energy Center this month near Alexander City, Alabama, after receiving the final permit in September. The plant, which Constellation acquired from Calpine Corporation (NYSE:CPN) (San Jose, California) in February 2008, had stopped construction in 2003 amid the Enron fallout, as Calpine decided to re-evaluate its generation...


Word of the Day
lambent
  • Licking.
  • Hence Running along or over a surface, as if in the act of licking; flowing over or along; lapping or bathing; softly bright; gleaming.
This word comes the Latin 'lambere,' to lick.
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