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Stock Market & Financial Investment News

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July 3, 2014
11:45 EDTCPNCalpine completes sale of power plants, expects Q3 net book gain of $750M
Calpine completed the previously announced sale of six power plants to an affiliate of LS Power for $1.57B. Calpine expects to record a net book gain of approximately $750M in Q3 as a result of the sale. Taxable gains are expected to be almost entirely offset by federal and state net operating losses. The transaction is expected to result in net cash proceeds of approximately $1.53B, which the company intends to allocate in a balanced manner that is accretive to adjusted free cash flow per share.
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November 19, 2014
09:22 EDTCPNCalpine remains a top-tier capital allocation story, says Goldman
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