Last $22.32 USD
Change Today +0.12 / 0.54%
Volume 1.5M
CPN On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

calpine corp (CPN) Snapshot

Open
$22.19
Previous Close
$22.20
Day High
$22.37
Day Low
$22.07
52 Week High
06/5/14 - $24.24
52 Week Low
01/29/14 - $18.46
Market Cap
9.4B
Average Volume 10 Days
2.1M
EPS TTM
$0.54
Shares Outstanding
423.4M
EX-Date
--
P/E TM
41.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for CALPINE CORP (CPN)

calpine corp (CPN) Related Businessweek News

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calpine corp (CPN) Details

Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines. The company sells wholesale power, steam, capacity, renewable energy credits, and ancillary services to utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers, and others. As of February 27, 2014, it had 94 power plants in operation or under construction that represents approximately 29,000 megawatts of generation capacity. Calpine Corporation was founded in 1984 and is based in Houston, Texas.

2,157 Employees
Last Reported Date: 02/13/14
Founded in 1984

calpine corp (CPN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $694.5K
Executive Chairman
Total Annual Compensation: $1.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $588.8K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $808.0K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $401.2K
Compensation as of Fiscal Year 2013.

calpine corp (CPN) Key Developments

Calpine Corporation Announces Receipt of Requisite Consents and Acceptance of Tendered 7.875% Senior Secured Notes Due 2020 and 7.50% Senior Secured Notes Due 2021

Calpine Corporation announced that it has received, pursuant to its previously announced cash tender offers to purchase any and all of its outstanding 7.875% Senior Secured Notes due 2020 and 7.50% Senior Secured Notes due 2021 and solicitation of consents related to the 2020 Notes and the 2021 Notes, the requisite consents to adopt the proposed amendments to each of the indenture governing the 2020 Notes and the indenture governing the 2021 Notes. Consents have been delivered with respect to $860,508,000 principal amount, or approximately 97.79% of the outstanding principal amount, of the 2020 Notes and $1,581,580,000 principal amount, or approximately 98.85% of the outstanding principal amount, of the 2021 Notes, which Notes had been validly tendered on July 21, 2014. In conjunction with receiving the requisite consents for each series of Notes, a supplemental indenture with respect to each series of Notes to effect the applicable proposed amendments described in the Offer to Purchase and Consent Solicitation Statement, dated July 8, 2014 has been executed. A holder's right to validly withdraw tendered applicable Notes and validly revoke delivered related consents expired upon execution of the related Supplemental Indenture. Calpine Corporation also announced that it has accepted for purchase tenders of $860,508,000 aggregate principal amount of the 2020 Notes and $1,581,580,000 aggregate principal amount of the 2021 Notes, which Notes were tendered at or prior to the Consent Date, pursuant to the applicable Offer and related Consent Solicitation. Holders who validly tendered and did not withdraw such Notes prior to the Consent Date received $1,105.71 per $1,000 principal amount of 2020 Notes and $1,114.29 per $1,000 principal amount of 2021 Notes accepted for purchase pursuant to the applicable Offer and related Consent Solicitation, plus accrued and unpaid interest from the last interest payment date to, but not including, July 22, 2014. Following the acceptance for purchase of tendered Notes described above, Calpine Corporation mailed notices of redemption to the holders of the Notes that remain outstanding to redeem such Notes on December 3, 2014, at a redemption price of 103% thereof, plus accrued and unpaid interest to, but excluding, the redemption date. Any holder of Notes that does not tender its Notes prior to the applicable Expiration Date will have its Notes redeemed pursuant to the preceding sentence.

Calpine Corporation Announces Pricing of $1,250,000,000 in Aggregate Principal Amount of Its 5.375% Senior Unsecured Notes Due 2023 and $1,550,000,000 in Aggregate Principal Amount of Its 5.750% Senior Unsecured Notes Due 2025

On July 8, 2014, Calpine Corporation priced $1,250,000,000 in aggregate principal amount of its 5.375% Senior Unsecured Notes due 2023 and $1,550,000,000 in aggregate principal amount of its 5.750% Senior Unsecured Notes due 2025 pursuant to the company's shelf registration statement filed with the Securities and Exchange Commission. The offering is expected to close on July 22, 2014. The company intends to use the net proceeds from this offering, together with cash on hand (if necessary), to (i) repurchase or redeem some or all of the company's 8% Senior Secured Notes due 2019, (ii) purchase pursuant to a tender offer and consent solicitation, and/or redeem, the outstanding principal amount of the company's 7.875% Senior Secured Notes due 2020 and 7.50% Senior Secured Notes due 2021 and (iii) pay premiums, fees and expenses relating to the purchase and redemption of existing secured notes. Any net proceeds from the offering of unsecured notes not used for the purposes described above will be used for general corporate purposes.

Calpine Corporation Announces Inaugural Senior Unsecured Notes Offering

Calpine Corporation announced that it intends to offer $2,800,000,000 in aggregate principal amount of Senior Unsecured Notes due 2023 and 2025 pursuant to the company's shelf registration statement filed with the Securities and Exchange Commission. Calpine Corporation intends to use the net proceeds from this offering, together with cash on hand (if necessary), to repurchase or redeem some or all of the company's 8% Senior Secured Notes due 2019, purchase pursuant to a tender offer and consent solicitation, and/or redeem, the outstanding principal amount of the Company's 7.875% Senior Secured Notes due 2020 and 7.50% Senior Secured Notes due 2021 and pay premiums, fees and expenses relating to the purchase and redemption of existing secured notes described above. Any net proceeds from the offering of unsecured notes not used for the purposes described above will be used for general corporate purposes.

 

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CPN

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Valuation CPN Industry Range
Price/Earnings 79.5x
Price/Sales 1.3x
Price/Book 2.8x
Price/Cash Flow 12.7x
TEV/Sales NM Not Meaningful
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