SAN JOSE, Calif. and HOUSTON, Feb. 7 /CNW/ -- Calpine Corporation (NYSE:
CPN stock message board forum) today resumes "regular way" trading of the Company's newly issued stock
on the New York Stock Exchange (NYSE) under the symbol "CPN." Company
officials will ring the NYSE opening bell on Feb. 8, 2008, to commemorate its
relisting and successful emergence from Chapter 11.
"Calpine is proud to once again be traded on the New York Stock
Exchange," said Robert P. May, Calpine's Chief Executive Officer. "We have
streamlined our operations and strengthened our balance sheet, and we are
returning to the NYSE as a stronger and more competitive power company with
one of the cleanest generating fleets in the United States. We are confident
that the new Calpine is well positioned in the market and poised for success
as a corporate leader in the nation's energy industry."
Webcast Information
Calpine's ringing of The Opening Bell(SM) will be available via live and
archived webcast as follows: (The live link will become active at
approximately 9:25 a.m. EST. The archive link will become active
approximately two hours after the event and then will remain available for a
period of two years.)
Live --
http://mfile.akamai.com/7096/live/reflector:57489.asx?bkup(equal sign)59611&prop(equal sign)n
Webcast links also will be posted on http://www.nyse.com Calpine Facts-At-A-Glance
Calpine re-initiates trading on the NYSE as one of the largest power
generation companies in the United States, with nearly 24,000 megawatts of
installed generating capacity and approximately 2,200 employees. Calpine owns
and operates a world-class fleet of 80 modern power plants and also is engaged
in full-scale construction activities at its 590-megawatt Otay Mesa project in
San Diego, Calif., and is a 50 percent equity partner in the 1,000-megawatt
Greenfield Energy Centre, currently under construction in Ontario, Canada.
Calpine's power generating assets are located in key market regions
throughout the U.S. with an emphasis on high-growth competitive wholesale
power markets in California and Texas. Calpine owns and operates the nation's
largest fleet of renewable geothermal generation assets located at The
Geysers, in northern California, as well as the country's largest fleet of
highly efficient combined-heat-and-power (CHP) facilities. Calpine's natural
gas-fired power plants are modern, highly efficient generating units with
excellent environmental characteristics. On average, Calpine's plants emit
half as much CO2 per megawatt-hour as a typical coal-fired power plant.
Calpine Corporation is helping meet the needs of an economy that demands
more and cleaner sources of electricity. Founded in 1984, Calpine is a major
U.S. power company, currently capable of delivering nearly 24,000 megawatts of
clean, cost-effective, reliable, and fuel-efficient electricity to customers
and communities in 18 states in the United States. The company owns, leases,
and operates low-carbon, natural gas-fired, and renewable geothermal power
plants. Using advanced technologies, Calpine generates electricity in a
reliable and environmentally responsible manner for the customers and
communities it serves. Please visit http://www.calpine.com for more
information.
