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Troubled Calpine To Sell Plants, Cut Staff

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PG&E plans big investment in solar power


August 2008 ... more > Top ^

Aug. 14
  Bay Area: PG&E plans to buy 800 megawatts of photovoltaic solar power, 550 megawatts from OptiSolar, 250 megawatts from SunPower



year 2006 Top ^

Apr.5
  Calpine Corp. plans to sell 20 power plants in operation or under construction and layoff 775 employees


year 2005 Top ^

Dec.23 Calpine asks to break contracts
  Power provider has identified 8 contracts on which it is losing money and asked a judge to ditch the agreements Nov.5 Earnings report goof dings Calpine shares  Shares of troubled energy company tumbled 9%, after the company confessed to a blunder in an earnings report May.25 Calpine to cut $200 million in costs  Energy producer plans to cut more than $3 billion in debt. Shares jumped 30 cents, or 15.2%

year 2004 Top ^

Feb.26 Calpine named to list of Most Admired  Fortune magazine has named the company to its 2004 list of America's Most Admired Companies

year 2003 Top ^

Delayed Response Worsened Outage Mar.31 Calpine Electricity Plant Fires Up
  North San Jose: Los Esteros Critical Energy Facility was fired up just two years after it was first proposed
Mar.3 Calpine restatement to wipe out $52m  Embattled power producer said an accounting change will wipe out some profits reported during the past 3 years

year 2002 Top ^

Jun.21 Power Plant Groundbreaking
  South San Jose: The controversial Metcalf Energy Center is due to come online in the summer of 2004
May.29 Land for Calpine power plant to be seized
  South San Jose: The city council unanimously has voted to seize property needed to build a 600-megawatt power plant in Coyote Valley
Apr.23 Calpine warns of earnings shortfall  Embattled power generator first-quarter profit will fall short of expectations. Calpine plans to sell 69 million shares Mar.20 Power plant approved with changes  City Council approved the final drawing of the planned Metcalfe Energy Center Mar.12 Calpine tables $3 billion in purchases
  Calpine Corp. was pressured by a poor credit rating and skittish stock market Jan.5 Peaker power plant to be operating  The 180-megawatt natural gas-fired Los Esteros plant would provide power to a proposed adjacent Internet server farm Jan.3 Calpine raises an additional $200M  Power generator's is trying to reassure investors about its financial strength

year 2001 Top ^

Public power measures defeated Sep.24 Power Plant Approved  The California Energy Commission has approved Calpine plans to build the Metcalf power plant Jun.26 Power plant approved  San Jose City Hall: The 600-megawatt Metcalf Energy Center in Coyote Valley was once unanimously rejected Jun.5   Power plant to be build  San Jose City Hall: City Council voted 10-1 to support a deal Mayor Gonzales worked out with Calpine and Bechtel May.30   Mayor agrees on power plant
  San Jose City Hall: After months of pressure, Gonzales has dropped his opposition to a proposed $400 million Metcalf Energy Center Apr.27 Huge increase in Calpine earnings
  Power producer announced a 424% increase in earnings Apr.15 State push for power plant  California Energy Commission is pushing for approval of a proposed power plant in Coyote Valley PG&E files for bankruptcy



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