Calpine

Calpine
Type Public
Traded as NYSECPN
Founder(s) Peter Cartwright
Headquarters Houston, Texas, United States
Website http://www.calpine.com

Calpine Corporation (NYSECPN) is a Fortune 500 power company founded in 1984 in San Jose, California.

Calpine's headquarters were permanently moved from San Jose to Houston, Texas in 2009. The company's stock was traded on the New York Stock Exchange under the symbol CPN until it was delisted on December 5, 2005 due to low share price. On 1/31/08, Calpine emerged from bankruptcy and now trades on the NYSE under the ticker symbol CPN. The company is headquartered in the Calpine Center in Downtown Houston.[1]

Contents

History

In response to the 1973 oil crisis and the 1979 energy crisis, much legislation was passed that made domestic energy production an attractive enterprise. In 1984, Peter Cartwright and four of his co-workers, the Guy F. Atkinson Construction Company of South San Francisco, and the Electrowatt corporation struck an investment arrangement and Calpine was born with initial capital of US$1 million. It was essentially a Silicon Valley startup company. The name "Calpine" is derived from the company's California location and alpine, a reference to the Zürich home base of Electrowatt. Calpine is the world's largest provider of geothermal energy, and largest natural gas fueled power producer in North America.[2]

As of 2006, the directors of Calpine are Kenneth T. Derr, Glenn H. Hiner, William J. Keese, Robert P. May, David C. Merritt, Walter L. Revell, George J. Stathakis, and Susan Wang.

In 2004, the directors of Calpine Canada Energy Finance Ulc were Charles B. Clark Jr., Kenneth T. Derr, Jeffery E. Garten, Gerald Greenwald, Susan Schwab, George J. Stathakis, Susan Wang, and John O. Wilson.[3]

Power plants

This is a partial or incomplete list.

References

  1. ^ "Contact." Calpine. Retrieved on November 11, 2009.
  2. ^ http://www.calpine.com/media/Calpine_Corporate_Overview_Feb_2009.pdf
  3. ^ http://www.secinfo.com/dr6nd.117b.htm
  4. ^ A Colossal Failure of Common Sense, Lawrence G McDonald, Patrick Robinson, Crown (Random House), 2009, p99-p105, 154
  5. ^ McDonald, p 154
  6. ^ http://phx.corporate-ir.net/phoenix.zhtml?c=103361&p=irol-newsArticle&ID=1443628&highlight=

External links