Latest Calpine Stories

Calpine Corporation (NYSE:CPN) announced today it is drawing approximately $725 million under its $1 billion Senior Secured Revolving Facility under its Exit Financing, which expires on March 29, 2014. "This draw is a proactive financial decision to preserve our liquidity by increasing our cash position during this period of uncertainty in the capital markets," said Zamir Rauf, interim executive vice president and chief financial officer. "This draw is not being made to satisfy any near-term...

BOSTON, MASSACHUSETTS--(Marketwire - Oct. 1, 2008) - Atlantic Power Corporation (TSX:ATP.UN) ("Atlantic Power" or the "Company") announced today that it has agreed to indirectly acquire Auburndale Power Partners, Limited Partnership ("Auburndale"), which owns and operates a 155 MW natural gas-fired combined cycle cogeneration facility located in Polk County, Florida. The purchase price will be approximately US$134.5 million and will be funded by cash on hand, a borrowing under the Company's...

GE Energy Financial Services, a unit of GE, has applied the company's capital, expertise and technology to restart and successfully complete the first operating season of its 123MW Parlin Energy Center in northeastern New Jersey. GE began work on the power plant in June 2007 after buying the project for $12.1 million from Calpine Corporation. GE has said that since coming online in June 2008, Parlin has produced 36,333MW of power, and has experienced 100% availability. The power produced is...

The Northwest and Intermountain Power Producers Coalition (NIPPC) is pleased to announce that Jeff Morris of Mount Vernon, Washington, is this year's recipient of the "Vito Stagliano Excellence in Electricity Policy Award." NIPPC established the award in 2006 to recognize individuals who have helped advanced innovative public policy within the electricity sector. Jeff Morris is widely regarded for his tireless efforts in shaping Washington State energy policy and for promoting inter-state...

Recognized for its innovative applications for reclaimed water, Calpine Corporation (NYSE:CPN) has been named the 2008 WateReuse Customer of the Year by the WateReuse Association. The award was presented today at the international non-profit association's 23rd Annual WateReuse Symposium in Dallas, Texas. Calpine received the award based on its unique public-private partnership with the city of Santa Rosa to construct the largest recycled water to renewable energy project in the world at...

Calpine Corporation (NYSE:CPN) (the "Company") today announced that, in connection with the appointment of John B. (Thad) Hill as Executive Vice President and Chief Commercial Officer, the Company entered into a stock option agreement (the "Stock Option Agreement") with Mr. Hill, certain key provisions of which are summarized in this press release. Pursuant to the stock option agreement entered into in connection with his employment, Mr. Hill was granted a sign-on option (the "Option") to...

HOUSTON, Sept. 3, 2008 (GLOBE NEWSWIRE) -- Rosetta Resources Inc. ("Rosetta") (Nasdaq:ROSE), an independent oil and gas company, today provided an update of recent developments with respect to its litigation with Calpine. On Wednesday, August 27, 2008, the Bankruptcy Court conducted a hearing on Rosetta's Motion to Disqualify PA Consulting Group, Inc. ("PA") as Expert Witness for Calpine Corporation ("Calpine"). The Bankruptcy Court denied the motion on the basis that an amendment to PA's...

Calpine Corporation (NYSE:CPN) announced today that Thad Hill has been named Executive Vice President and Chief Commercial Officer. Mr. Hill will have responsibility for commercial and power operations. He succeeds Todd W. Filsinger who was Interim Chief Operating Officer since May 2008. Mr. Filsinger will return to his responsibilities as a Managing Partner at PA Consulting Group. "Thad brings to Calpine valuable industry knowledge and experience," said Calpine Chief Executive Officer Jack...

Calpine Corporation (NYSE:CPN) announced today that Kenneth A. Graves has been appointed Interim Corporate Controller and Principal Accounting Officer effective immediately. He will succeed Stephen F. Hodkinson who served as the Company's Interim Corporate Controller and principal accounting officer. Mr. Hodkinson, whose services were provided pursuant to an agreement between the Company and AP Services, has returned to his responsibilities at AP Services. "Ken's extensive experience in...

Calpine Corporation (NYSE:CPN) announced today it has signed a three-year purchased power agreement, effective Jan. 1, 2009, with the Tennessee Valley Authority (TVA) to sell 500 Megawatts (MW) of electric power generated from the company's Morgan Energy Center located in Decatur, Ala. "We are very pleased to expand our supply relationship with TVA," said Calpine Senior Vice President of Commercial Operations Larry Leverett. "This new supply agreement highlights the value our reliable and...