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To: Howard Hoffman who wrote ()12/2/1999 3:03:00 AM
From: Howard Hoffman
   of 11
 
Everyone on these boards is focused on computers, Internet, network, biotech, etc. This is a power company. Boring? No. With deregulation in California, Calpine appears to be a company that really has it's act together. CPN's price per kw-hr produced is dropping. New plants are going up. The company is hiring. Earnings are going up 40%/yr. Check the Calpine.com web site and see how many people they are hiring. I bought in today. I wish I had bought when I first heard of Calpine a year ago.

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To: Howard Hoffman who wrote ()1/3/2000 4:26:00 PM
From: Howard Hoffman
   of 11
 
Calpine Acquires Sacramento Basin Gas Reserves

January 3, 2000 10:04 AM

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 3, 2000--Calpine Corporation CPN , the San Jose, Calif.-based independent power company, today announced it has acquired 90 billion cubic feet (bcf) of proven, natural gas reserves from Vintage Petroleum, Inc. (Vintage) of Tulsa, Okla. for approximately $71.5 million. The transaction will make Calpine the largest natural gas producer in the Sacramento Basin.

"Vintage's long-life reserves will help lower fuel costs for Calpine's northern California natural gas-fired plants and will increase our competitive advantage in today's newly deregulated electric power industry," said Bill Berligen, Calpine senior vice president.

As a result of this acquisition, Calpine will add the remaining 58 percent interest in the Rio Vista Gas Unit and certain deep rights to its northern California gas portfolio. This new production will utilize Calpine's extensive Sacramento Basin gas pipeline system.

The Rio Vista field is located 50 miles northeast of San Francisco in the Sacramento Valley. The field was discovered in June 1936 and since then has proven to be one of the largest and most prolific gas fields in California. The Rio Vista field has produced approximately 3.1 trillion cubic feet of natural gas since it was discovered.

Calpine initially acquired a 42 percent interest in the Rio Vista Gas Unit in September 1999 through the Sheridan Energy acquisition. Combined, the Vintage reserves currently produce approximately 14.3 million cubic feet (mmcf) per day. With this acquisition in place, Calpine's daily production will be 43.3 mmcf per day in the Sacramento Basin--enough fuel to serve a modern, 250-megawatt combined-cycle power plant.

Based in San Jose, Calif., Calpine Corporation is a leading independent power company dedicated to providing customers with reliable and competitively priced electricity. Calpine currently has interests in approximately 10,800 megawatts of capacity in operation, under construction or in announced development in 15 states--enough energy to power nearly eleven million households. The company was founded in 1984 and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information about Calpine, please visit its website at www.calpine.com.

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To: Howard Hoffman who wrote (2)1/3/2000 4:29:00 PM
From: Howard Hoffman
   of 11
 
I feel like one hand clapping. That must be a good sign. Once people realize what a great company Calpine is (and a great investment), there will be more making posts. For now, I will just post the news that comes up (like the previous post) and wait for someone else to start "talking".

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To: Howard Hoffman who wrote (3)1/10/2000 8:08:00 PM
From: Howard Hoffman
   of 11
 
6th all time high in 6 days. Ho Hum.

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To: Howard Hoffman who wrote ()1/11/2000 11:42:00 AM
From: Howard Hoffman
   of 11
 
January 11, 2000 10:01 AM
SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 11, 2000--Calpine Corporation CPN , the national independent power company, announced it is expanding its presence in the Florida wholesale power market, with plans to invest approximately $750 million in power generation facilities. Calpine will manage its Southeast development activities from a new office to be opened in Tampa, Fla.

Calpine will develop two natural gas-fired energy centers to serve Florida's increasing power demand. The proposed projects include the 1,080-megawatt Blue Heron Energy Center, to be located in Indian River County outside the City of Vero Beach, and the 540-megawatt Osprey Energy Center, to be located in the City of Auburndale adjacent to Calpine's existing power facility. Together, the proposed energy centers will produce enough electricity to power nearly two million Florida households with clean, competitively priced electricity.

According to Bob Alff, Calpine vice president-Eastern region, "Florida is among the fastest growing electricity markets in the country and is expected to need as much as 800 megawatts of new generating capacity per year to meet growing demand and to ensure adequate reserve margins." He added that, "Calpine is very excited about the opportunity to help bring the competitive and environmental benefits of modern, independent power facilities to Florida customers."

Both facilities will use advanced technology power generation equipment supplied by Siemens Westinghouse Power Corporation of Orlando, Fla. The projects will generate electric power using a highly efficient combined-cycle configuration to conserve natural resources and to lower energy prices.

The Blue Heron Energy Center will produce up to 1,080 megawatts of electricity and represents an investment of approximately $500 million. The $250 million Osprey Energy Center is designed to generate 540 megawatts of electric power. Construction for the proposed facilities is planned for 2001, with the Osprey project slated to enter commercial operation in early 2003, followed by the Blue Heron facility in mid-2003.

"Like our other Calpine development projects," noted Alff, "Osprey and Blue Heron will be up to 40 percent more fuel efficient than traditional gas-fired power plants and will be equipped with advanced emission control technology." He added that, "We are committed to being a low-cost producer of environmentally responsible energy. Our Florida projects will provide the economic benefits of competitively-priced wholesale power, the environmental benefits of clean-burning natural gas, and the local job and tax benefits associated with construction and operation of these facilities."

Calpine will open its Tampa, Fla. office in March 2000. The new office will support development of the Osprey and Blue Heron facilities and Calpine's other Southeastern operations, including the 150-megawatt Auburndale, Fla. facility. Calpine acquired a 50 percent interest in the Auburndale facility in 1997.

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To: Howard Hoffman who wrote (5)6/28/2000 5:51:00 PM
From: Howard Hoffman
   of 11
 
More Ho Hum. No one seems to care but, . . .
Calpine split 2:1 a month ago so at its price of around 45 now, it represents a double for me in less than a year. Too bad everyone has been focused on the Internet. Where do the electrons come from to make the chips, hard drives, and CDROMS work? Calpine. Oh, and Calpine has made some major acquisitions, but then why bother with the details?

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To: Howard Hoffman who wrote (6)7/25/2000 11:46:24 AM
From: JakeStraw
   of 11
 
Calpine acquires Quintana Minerals Canada Corp.
biz.yahoo.com
Acquisition to Complement Calpine's 250-MW Calgary Energy Centre

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To: JakeStraw who wrote (7)7/25/2000 7:15:43 PM
From: Howard Hoffman
   of 11
 
Welcome, nice to see that someone else is interested in this great stock/great company. Of course other recent developments:

Calpine Second Quarter Earnings Up 176% Over 1999; Peak Power Demand and Development Program Fuel Strong Results
SAN JOSE, Calif.--(BUSINESS WIRE)--July 24, 2000--Calpine Corporation (NYSE:CPN), the nation's fastest growing independent power company, announced today record earnings for the three and six months ended June 30, 2000, reflecting the company's strong operating performance and increased power demand in key U.S. markets.

Net income for the quarter ended June 30, 2000 was 51.7 million, representing a 176 increase compared to net income of 18.7 million before extraordinary charge for the second quarter of 1999. Diluted earnings per share rose 131 to 0.37 per share from 0.16 per share before extraordinary charge for the same period in 1999. Revenue for the quarter increased 85 to 363.7 million, from 196.6 million a year ago. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) rose 68 to 150.4 million for the quarter, compared to 89.5 million a year ago.

For the first half of 2000, net income was 69.8 million, an increase of 209 compared to net income of 22.6 million before extraordinary charge for the same period in 1999. Diluted earnings per share rose 136 to 0.52 per share, compared to 0.22 per share before extraordinary charge for the first six months of 1999. Revenue for the first six months was 599.1 million, an increase of 73 from 347.2 million a year ago. EBITDA for the first six months rose 73 to 236.9 million, from 137.1 million in 1999. Total assets as of June 30, 2000 were approximately 5.6 billion, up 40 from 4.0 billion at December 31, 1999.

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To: Howard Hoffman who wrote (8)7/25/2000 7:20:15 PM
From: Howard Hoffman
   of 11
 
Calpine Acquires Natural Gas Reserves; Company Adds 205 bcfe of Proven Natural Gas

SAN JOSE, Calif.--(BUSINESS WIRE)--July 25, 2000--Calpine Corporation (NYSE:CPN), the San Jose, Calif.-based independent power company, today announced three strategic acquisitions that add 205 billion cubic feet equivalent (bcfe) of proven, natural gas reserves to Calpine's natural gas portfolio. These acquisitions increase Calpine's proved reserves to 430 bcfe -- with current total production of approximately 130 million cubic feet equivalent per day (mmcfe/d), increasing to 150 mmcfe/d by year-end 2000. At full production, these reserves can fuel 800 to 900 megawatts of combined-cycle, gas-fired power generation. Calpine acquired these gas assets for approximately 206 million.

"This is an important step for Calpine as we continue to advance our 40,000-megawatt power generation program," stated Charles Chambers, Calpine vice president of business development. "In addition to enhancing our in-depth fuels capabilities, these acquisitions provide Calpine access to three strategic gas markets and strengthen our position as a premier power provider."

The first transaction comprises three fields in the Gulf of Mexico and includes 5 drilling locations enhanced with 3-D seismic, one of which has already been successfully drilled. Current production is approximately 17 mmcfe/d, increasing to 23 mmcfe/d by year-end 2000.

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To: Howard Hoffman who wrote (9)7/25/2000 7:22:36 PM
From: Howard Hoffman
   of 11
 
Calpine Announces $2.5 Billion Credit Facility to Finance Construction Program
SAN JOSE, Calif.--(BUSINESS WIRE)--July 24, 2000--Calpine Corp. (NYSE:CPN), the nation's leading independent power company, today announced plans to enter into a 2.5 billion revolving construction credit facility with a consortium of banks, including The Bank of Nova Scotia and Credit Suisse First Boston as lead arrangers. CIBC Inc., ING (U.S.) Capital LLC, Bank of America, TD Securities, Bayerische Landesbank, and Dresdner Bank will serve as co-arrangers. The four-year construction facility will be refinanced in the longer-term capital markets prior to its maturity. The company expects to finalize the credit facility during the third quarter of 2000.

"This construction facility further demonstrates Calpine's ability to execute its long-term program of building competitively-priced generating facilities in the dynamic U.S. power market," stated Bob Kelly, senior vice president-finance for Calpine. "We appreciate the confidence this prestigious consortium has in Calpine's progressive undertaking to repower America's aging power fleet and meet the growing demand for electricity."

Calpine entered into a similar 1 billion revolving construction credit facility in November 1999 --

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