Calpine Posts $197 Million Second-Quarter Profit, Moves Forward with Construction Projects
Calpine Posts $197 Million Second-Quarter Profit, Moves Forward with Construction Projects
SUGAR LAND--August 12, 2008--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).
Other companies featured: NRG Energy Incorporated (NYSE:NRG)
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