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San Jose, Calpine Timeline Tuesday, April 24 Bookmark and Share     Author
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Calpine Files Amended Reorganization Plan  The plan promises greater recoveries for investors than previously projected, and Calpine Corp. said it could emerge from bankruptcy soon Calpine losses mount  Bankrupt energy producer lost $817.8 million in the 2nd quarter, bringing total losses so far this year to $1.4 billion Calpine's 1Q loss widened to $589m
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Main Event: Calpine's plant OK'd
on Google Map

2010-02-04 Calpine's plant OK'd Hayward
C. 2003-03-31 Calpine Electricity Plant Fires Up North San Jose
D. 2002-09-12 Russell City Energy Center delayed Hayward
E. 2002-06-18 Davis flipped switch on new power plant Pittsburg
F. 2002-05-29 Land for Calpine power plant to be seized South San Jose
G. 2001-06-05 Power plant to be build San Jose City Hall

Calpine rejects NRG offer, but leaves room
Calpine's plant OK'd


year 2010 Top ^

Feb.4
  Hayward: Calpine Corp. won regulatory approval to build in Hayward its long-delayed Russell City Energy Center, which will burn natural gas


year 2008 Top ^

May.30
  Calpine Corp. rejected an unsolicited takeover bid from rival power wholesaler as too low, but left the window open to a possible combination



year 2007 Top ^

Aug.27


year 2006 Top ^

Aug.15
Jul.3
  Calpine is under bankruptcy protection. The revenue declined and reorganization costs mounted
Apr.5 Troubled Calpine To Sell Plants, Cut Staff  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 Dec.20 Calpine Corp. Files For Bankruptcy
  Struggling power generator filed for bankruptcy protection as it grapples with more than $17 billion in debt
Dec.8   Calpine battles creditors  Calpine Corp. struggled to avoid a bankruptcy filing, sparring in a flurry of court actions Dec.6   NYSE to delist Calpine Corp.
  The exchange cited Calpine's 'abnormally low selling price'. Energy firm's shares fall to 24 cents Nov.29 CEO Cartwright, CFO have left Calpine
  CEO Peter Cartwright, CFO obert D. Kelly have left the company in moves that will help financial challenges
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 2003 Top ^

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 ^

Oct.14 Calpine Chairman cancels stock sales plan  With stock sinking Peter Cartwright had canceled a plan to sell a chunk of his holdings in the company Sep.12   Russell City Energy Center delayed  Hayward: State Energy Commission has licensed the 600-megawatt Center. Calpine won't build it without a power contract Jun.18   Davis flipped switch on new power plant  Pittsburg: 880-megawatt facility is operated by the Calpine Corp. and can power some 900,000 households 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 Apr.1 Calpine promotes Macias to COO Mar.12 Calpine tables $3 billion in purchases  Calpine Corp. was pressured by a poor credit rating and skittish stock market Feb.28   Calpine CEO will sell 2.46 million shares
  Peter Cartwright's move threatens to further diminish investors' fading confidence in the power generator
Jan.3   Calpine raises an additional $200M
  Power generator's is trying to reassure investors about its financial strength


year 2001 Top ^

Dec.14 Calpine's shares plummet 18%
  Investors jittery about possible downgrades of credit rating
Dec.10 Calpine's shares plunge
  The fallout from Enron's collapse and bankruptcy filing has hurt the stocks Sep.24 Power Plant Approved
  The California Energy Commission has approved Calpine plans to build the Metcalf power plant
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
Apr.27 Huge increase in Calpine earnings  Power producer announced a 424% increase in earnings Mar.29 Calpine profit exceed expectations  Power generator is cashing in on the rising cost of electricity Feb.28   Calpine gets $8.3 billion contracts  Homegrown power generator announced 2 electricity contracts that will require California to pay up to $8.3 billion Feb.8   Calpine to acquire gas company
  Power producer to acquire Encal Energy Ltd., a Canadian company, for $1.2 billion


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