Calpine Cites Debt Uncertainty Due to PG&E Bankruptcy

SUGAR LAND--March 11, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Calpine Corporation (Houston, Texas) said on Friday it has continued to receive power purchase agreement (PPA) payments from PG&E Corporation (NYSE:PCG) since the California power company filed for bankruptcy protection in January. However, Calpine added that it could "incur an event of default" on debt stemming from two of its completed California power plant projects if PG&E discontinues the PPAs.

Within this article: Calpine Corporation's 2018 earnings report.