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@ all excellenter Beitrag aus dem Raging Bull Board... Der trifft die Situation recht gut. Ciao Art ------------------------- 12 Aug 2002, 01:02 PM EDT Msg. 17838 of 17849 Johncolo, excellent post & worth a repost... By: johncolo $$$$$ 11 Aug 2002, 08:16 PM EDT Msg. 17778 of 17837 (This msg. is a reply to 17768 by AKABULL.) Here is the news you seek ... ++ CEO to Sign SEC Certification -- CEO Peter Cartwright expected to sign SEC certifcation in next couple of days. ++ Good Second Quarter -- 19 cents in difficult times (low energy prices) for electric utility companies in general. ++ Utlra Conservative Forward Guidance -- lower guidance for 2002 to $0.80 to $1.00. Ultra conservative estimate leaves no where to go but up. ++ Good Spark Spread -- Current spark spread of $35.66 and continuing low natural gas prices (< $2.80) indicates a profitable summer for Calpine is very likely. ++ Dedicated Team -- has completed its planned plants on or ahead of schedule. Calpine management and employees have shown their dedication to company success by getting plants on line early -- ahead of peak summer demand. ++ Very Much Undervalued -- ranked number 2 on list of most undervalued stocks in electric utility sector. ++ Highly Efficient -- fleet of new gas-fired plants is at least 35% more efficient than older plants. ++ Huge Capacity Increase -- increased capacity by about 185% since May 2001 -- almost a triple increase. 8/05/2002 Acadia, Louisiana 50% interest in 1160 megawatts 8/07/2002 Ontelaunee, Pennsylvania 545 megawatts 7/24/2002 Freestone, Texas 1000 megawatts 7/05/2002 Zion, Illinois 300 megawatts 7/01/2002 Bethpage, New York adds 48 megawatts 6/17/2002 Delta in California 880 megawatts 6/05/2002 Baytown, Texas 830 megawatts 5/14/2002 Decatur, Alabama 794 megawatts 5/07/2002 Island Cogeneration 230 megawatts 4/29/2002 Channel 550 megawatts 9/24/2001 Pine Bluff, Arkansas 213 megawatts 9/21/2001 Acquired Canadian Plants 275 megawatts 9/05/2001 Broad River, South Carolina added 350 megawatts 8/27/2001 Acquired Saltend, United Kingdom 1200 megawatts 8/08/2001 Rockgen, Wyoming 460 megawatts 8/01/2001 Acq`d remaining interest in Gordonsville, Va +120 megawatts 7/30/2001 Channel -- Houston, Texas adds 190 megawatts 7/16/2001 Aries -- Pleasant Hill, Missouri 320 megawatts 7/11/2001 Hog Bayou -- Mobile, Alabama 245 megawatts 7/09/2001 Los Medanos -- California 555 megawatts 7/02/2001 Sutter -- California 540 megawatts 6/07/2001 South Point, AZ 540 megawatts 6/04/2001 Bastrop, Texas 500 megawatts 5/09/2001 Westbrook 525 megawatts ++ Plants Under Construction -- Acadia in Louisiana COMPLETED!!!, Oneta in Oklahoma, Deer Park in Texas, Hillabee in Alabama, Pastoria in California, Hermiston in Oregon, Osprey in Florida, Washington Parish in Louisiana, Ontelaunee in Pennsylvannia COMPLETED!!!, Corpus Christi in Texas, Carville in Louisiana, Calgary in Canada, Santa Rosa in Florida, Goldendale in Washington, Auburndale in Florida, Yuba City in California, Augusta in Georgia, Blue Spruce in Colorado, Rocky Mountain in Colorado and others. ++ Increasing Demand -- California says May 2001 to May 2002 demand increased almost 4%. California expressed concern over the failure of conservation and over the demand stemming from an improving economy. ++ Long Term Contracts -- Large percentage of Calpine`s capacity is under long term contract ensuring future revenues and capacity utilization. ++ Significant Power Needs in US -- there is a strong need for additional power throughout the US, to satisfy increasing demand and to replace old and inefficient generating facilities. As much as 160,000 mw of US summer generating capacity is vulnerable to environmental or economic replacement by new stat-of-the-art facilities. ++ Hot Peak Season -- is here and it is extremely hot -- California already had almost of week of Stage 2 Emergency Alerts. Temperatures were well above 105F from Arizona to Montana moved east. Current extreme heat can only help Calpine`s profits as they are called upon to supply more power -- some of it at much higher spot market prices. ++ Environment-Friendly, Clean Energy -- Calpine is involved in development, acquisition, ownership, and operation of clean natural gas fired plants. No other company is dedicated to providing clean energy. ++ Critical Plant Openings -- Calpine opened critical new plant in California where demand had recently exceeded supply (6/17/2002 Delta in California 880 megawatts). Also opened new plants in other high-heat, high-industrial parts of the USA before the peak season began. 8/05/2002 Acadia, Louisiana 50% interest in 1160 megawatts 8/07/2002 Ontelaunee, Pennsylvania 545 megawatts 7/24/2002 Freestone, Texas 1000 megawatts 7/05/2002 Zion, Illinois 300 megawatts 7/01/2002 Bethpage, New York adds 48 megawatts 6/17/2002 Delta in California 880 megawatts 6/05/2002 Baytown, Texas 830 megawatts 5/14/2002 Decatur, Alabama 794 megawatts 5/07/2002 Island Cogeneration 230 megawatts 4/29/2002 Channel 550 megawatts ++ Gas Reserves -- has 1.3 trillion cubic feet equivalent of proved reserves on hand as of 12/31/3001. Also has a broad range of other fuel sourcing options. ++ Geothermal Power -- supplies almost 50% of US geothermal power. ++ Rapid Growth History -- what has been done may be done again. ++ Key Customer Happy -- Calpine settled with California while others refused (probably got preferred supplier status as a result). ++ Limited Access to Equity Markets -- Calpine raised $700MM in equity to bolster balance sheet. Said it would not access equity markets again in 2002 or 2003. ++ Stabilized Finances -- Calpine refinanced pressing debt. ++ Ethical Trading Practices -- Calpine kept its nose clean in trading practices. ++ Operating in High Demand Areas -- Calpine has developed new power plants in the best areas for financial success. ++ Positive Net Institutional Purchases - 5,100,000 more shares bought by institutions than sold in the last three months. ++ Hard Assets -- Value of assets which are appreciating, low-maintenance, income-producing power plants exceeds liabilities by several billion dollars. ++Management Listens -- puts out pre-announcement when electric utility stocks are tanking all around it and dragging it down. ++ Auditor -- On March 22, 2002 dismissed Arthur Andersen and hired Deloitte and Touche as auditors for 2002. Thank you. |
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| aus der Diskussion: | Calpine |
| Autor (Datum des Eintrages): | Art Bechstein (12.08.02 21:25:24) |
| Beitrag: | 150 von 251 (ID:7106136) |
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