Calpine: Umsatz + 410% Gewinn +424% Extreme Strong Buy - 500 Beiträge pro Seite

[wolfgang2000]

Calpine lieferte heute den Beweis dafür dass es nicht Opfer der Stromkrise in Kalifornien ist sondern Nutzniesser. Calpine liefert ein Quartalsergebnis von 30 Cents, was deutlich über den Konsensschätzungen von 21-25 Cents liegt. Die Aktie ist und bleibt ein strong buy mit hervorragenden Aussichten über mehrere Jahre hinweg! Wer diesen Wert noch nicht kennt ist selber schuld und sollte sich wirklich einmal damit näher befassen....

Hier das Ergebnis:


Calpine Reports First Quarter 2001 EPS of $0.30

Results Reflect Strategic Acquisitions, Strong Operating Portfolio
And Robust Power Market

SAN JOSE, Calif., April 26 /PRNewswire/ -- Calpine Corporation (NYSE: CPN), the nation`s leading independent power company, today announced strong financial and operating results for the quarter ended March 31, 2001.

Net income was $94.8 million for the quarter ended March 31, 2001, representing a 424% increase over 2000 first quarter net income of $18.1 million. Diluted earnings per share for the first quarter rose 329% to $0.30 per share, from $0.07 per share for the same period last year. Revenue for the quarter increased 410% to $1.2 billion, from $235.4 million a year ago. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) increased 191% to $251.5 million for the quarter, compared to $86.5 million a year ago. Total assets at March 31, 2001 were $11.5 billion as compared to $9.7 billion at December 31, 2000.

Calpine CEO and President Peter Cartwright stated, "Our strong first quarter earnings reflect Calpine`s continued success as the nation`s leading independent power company. Calpine completed several strategic power generation and natural gas acquisitions. We strengthened our construction and development program, and turned in another quarter of outstanding plant performance. We are well on our way to achieving our 2005 operating goal of generating 70,000 megawatts of clean, cost-competitive electricity throughout North America."

Earnings for the quarter benefited primarily from the continued execution of Calpine`s strategy to acquire and build low-cost generation facilities in key power markets throughout the U.S.

At April 6, 2001, Calpine had accounts receivable from Pacific Gas and Electric Company (PG&E) of approximately $270 million and notes receivable of approximately $69 million, both arising from power sales under long-term Qualifying Facility (QF) contracts. Payments are not due to start on the notes receivable from PG&E until February 2003. Calpine expects to recover the QF receivable amounts and, therefore, has not established a reserve on the QF receivables at this time. Calpine is currently receiving payments from PG&E under the QF contracts for power deliveries occurring after April 6, 2001.

Calpine remains committed to helping alleviate California`s energy crisis. The company`s natural gas and geothermal QFs offer a critical, immediate and long-term electricity supply for California power consumers at attractive prices. Calpine will continue to work with PG&E to resolve these issues and will be actively involved in all bankruptcy proceedings to ensure California power consumers can benefit from these vital energy resources.

Highlights of recent activities include:

Development Program -- Calpine leads the nation in the acquisition and development of modern natural gas-fired energy centers. Today, Calpine has more than 32,000 megawatts of generating facilities under construction or in announced development -- the largest program in the history of the power industry.

-- Calpine Sets 70,000-Megawatt Operating Goal for 2005 - Calpine set a
new five-year operating goal. By the end of 2005, Calpine`s portfolio
is expected to generate approximately 70,000 megawatts of capacity. By
comparison, today`s largest domestic generator produces about
48,000 megawatts of generation.
-- Calpine Acquires Development Rights for Goldendale Energy Center
- Construction will soon begin for Calpine`s newly acquired Goldendale
Energy Center. The 248-megawatt natural gas-fired facility will be
built in Goldendale, Wash. to serve the growing Pacific Northwest power
market. Calpine expects to begin production as soon as July 2002.
-- Calpine Purchases Development Rights for Washington Parish Energy
Center - Calpine acquired the Washington Parish Energy Center
-- a 500-megawatt natural gas-fired generating facility under
construction near Bogalusa, La. The project will be able to generate
490 megawatts of base load capacity and up to 577 megawatts during peak
power demand. The project is expected to enter commercial operation in
mid-2002.
-- Calpine Acquires Pastoria Energy Center - Calpine significantly
advanced its $5 billion California power program with the acquisition
of the 750-megawatt Pastoria Energy Center planned for Kern County,
Calif. Construction for the natural gas-fired generating facility is
expected to begin this summer, with energy deliveries scheduled for the
summer of 2003.
-- Calpine Files with CEC for East Altamont Energy Center - Calpine filed
an Application for Certification with the California Energy Commission
for its proposed 1,100-megawatt East Altamont Energy Center. The
filing marks the beginning of a yearlong licensing process. Calpine is
proposing to develop this new natural gas-fired facility in Alameda
County, Calif. as part of its 9,000-megawatt California power program.
-- Calpine Announces 1,000-Megawatt Facility in Texas - Calpine is
developing a 1,000-megawatt natural gas-fired generating facility in
Deer Park, Texas. The proposed Deer Park Energy Center will supply
steam to Shell Chemical Company and generate electricity for the Texas
wholesale power market. Construction is scheduled to commence in
July 2001.
-- Calpine Announces Two New Energy Centers in Colorado - Calpine is
developing two new energy centers in Colorado. Its first, the Rocky
Mountain Energy Center, is a combined-cycle natural gas-fired facility
to be located near the town of Hudson in Weld County, Colo. The Rocky
Mountain facility will supply Xcel Energy with up to 600 megawatts of
electricity for ten years. Its second, the Colorado Energy Center,
will be located east of Denver in Aurora and will provide a ten-year
supply of peaking capacity for Xcel Energy. Calpine`s SkyGen Energy
LLC (SkyGen Energy) subsidiary is developing this 336-megawatt natural
gas-fired peaking facility. Construction for both facilities will
begin in 2002.
-- SkyGen Energy Announces New Natural Gas-Fired Facility in
Wisconsin - SkyGen Energy entered an agreement to provide Wisconsin
Power & Light Co. (WP&L) 453 megawatts of electric capacity and energy
from its new 600-megawatt Rivergen Energy Center. Under the terms of a
10-year agreement, WP&L will have rights for the first 453 megawatts
produced by the facility and will manage the purchase and delivery of
fuel used at the facility. The remaining output will be available for
sale by Calpine to other Wisconsin utilities. Construction of the
facility is expected to begin during the third quarter of 2001, with
commercial operation starting in 2003.
-- SkyGen Energy Announces New Cogeneration Facility in Georgia - SkyGen
Energy announced plans to develop an 800-megawatt natural gas-fired
cogeneration facility in Augusta, Ga. The proposed Augusta Energy
Center will supply energy to DSM Chemicals North America, Inc. for use
in its production processes. Electric power generated at the facility
will be sold on the wholesale power market. Calpine expects to begin
construction during the second quarter of 2001, with commercial start
up scheduled for May 2003.
-- Calpine to Purchase 46 GE Gas Turbines - Calpine announced plans to
purchase 35 model 7FB and 11 model FA gas-fired turbines from GE Power
Systems. With this announcement, Calpine has firm orders in place for
the delivery of 203 turbines, representing 50,000 megawatts of
combined-cycle baseload capacity.

Power Marketing -- Calpine recently entered into several long-term power sales agreements to provide needed sources of clean, competitively priced electricity for its customers.

-- Calpine Signs Three Long-Term Contracts with California Department of
Water Resources - Calpine entered into three long-term power sales
agreements with the California Department of Water Resources (DWR) to
help alleviate California`s energy crisis. Under the terms of two
10-year fixed priced contracts, totaling $9.8 billion, Calpine will
deliver up to 2,000 megawatts of base load capacity from the company`s
fleet of new and existing energy centers. Calpine will also supply up
to 495 megawatts of peaking capacity from 11 new peaking facilities
through a separate 20-year agreement, totaling up to $3.1 billion.
-- Calpine Begins Electricity Deliveries to Southern California - Calpine
recently entered into an interim two-month agreement with DWR,
providing immediate relief for Southern California electric power
consumers. Calpine is supplying DWR with up to the full electric
output from its South Point Energy Center during plant testing. The
555-megawatt natural gas-fired facility is located in Arizona at the
Fort Mojave Indian Reservation, near the Arizona/California border.
-- Florida PSC Approves Application for Calpine`s Osprey Energy
Center - The Florida Public Service Commission approved a joint
application filed by Calpine and Seminole Electric Cooperative, Inc.,
under which Calpine will build a 529-megawatt combined-cycle electric
generating facility. The proposed Osprey Energy Center, to be located
in Auburndale, Fla. next to Calpine`s 150-megawatt cogeneration
facility, will provide a long-term electricity supply to help meet
Seminole members` power needs. Osprey represents the first independent
power facility to be approved under the Florida Power Plant Siting Act.

Fuels Program -- Calpine continues to expand and diversify its fuels program to lower costs and maximize value of its North American energy centers.

-- Calpine Completes Merger with Encal Energy - Calpine completed the
merger with Encal Energy Ltd., the Calgary, Alberta-based natural gas
and petroleum exploration and development company, through a
stock-for-stock exchange. With the completion of the transaction,
Calpine gains approximately 1.0 trillion cubic feet equivalent of
proven and probable natural gas reserves, net of royalties, and access
to firm gas transportation capacity from Western Canada to California
and the Eastern U.S.
-- Capital Program - Continuing to enhance its financial strength,
Calpine`s finance organization recently raised approximately
$3.5 billion in three separate offerings.
-- Calpine Sells Zero Coupon Debentures - Calpine sold $850 million of
zero coupon convertible debentures due 2021 in a private placement
under Rule 144A. The securities will be convertible into Calpine
common shares at a price of $75.35. The company granted the
underwriter an over-allotment option for $150 million of debentures.
This transaction will close April 30, 2001.
-- Calpine Canada Energy Finance Completes $1.5 Billion Senior Notes
Offering - Calpine`s wholly-owned financing company, Calpine Canada
Energy Finance ULC, completed a $1.5 billion offering of 8-1/2% Senior
Notes Due 2008 priced at 99.768%. Proceeds from the Senior Notes
offering will be used to refinance existing indebtedness, finance the
construction and development of additional power generating facilities,
and for working capital and general corporate purposes. This
transaction closed April 25, 2001.
-- Calpine Prices $1.15 Billion in Senior Notes Offering - Calpine priced
a public offering of $1.15 billion in principal amount of 8-1/2% Senior
Notes Due 2011 at 99.768%. Proceeds from the offering will be used to
refinance existing indebtedness, and for working capital and general
corporate purposes. This transaction closed February 15, 2001.

Earnings Conference Call
Calpine will host a conference call to review first quarter results. The conference call will take place on Thursday, April 26, 2001, at 7:30 a.m. PDT. The call is available in a listen-only mode by calling 888-868-9080, five minutes prior to the start of the conference call. International callers should dial 973-872-3100. In addition, Calpine will simulcast the conference call live via the Internet. The webcast can be accessed and will be available for 30 days on the investor relations page of Calpine`s website at www.calpine.com. About Calpine

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 31,200 megawatts of base load capacity and 6,800 megawatts of peaking capacity in operation, under construction, and in announced development in 28 states and Canada. 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, visit its website at www.calpine.com.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations, including pending changes in California, and anticipated deregulation of the electric energy industry, (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations, (iii) cost estimates are preliminary and actual costs may be higher than estimated, (iv) the assurance that the Company will develop additional plants, (v) a competitor`s development of a lower-cost generating gas-fired power plant, (vi) the risks associated with marketing and selling power from power plants in the newly competitive energy market, (vii) the risks associated with marketing and selling combustion turbine parts and components in the competitive combustion turbine parts market, (viii) the risks associated with engineering, designing and manufacturing combustion turbine parts and components, or (ix) delivery and performance risks associated with combustion turbine parts and components attributable to production, quality control, suppliers and transportation. You are also cautioned that the California energy market remains uncertain. The Company`s management is working closely with a number of parties to resolve the current uncertainty. This is an ongoing process and, therefore, the outcome cannot be predicted. It is possible that any such outcome will include changes in government regulations, business and contractual relationships or other factors that could materially affect the Company. For example, although the Company believes that it is in PG&E`s best interest to assume the QF contracts in bankruptcy, it is possible that PG&E will elect not to do so. The Company believes that a final resolution of the situation in the California energy market will not have a material adverse impact on the Company. You are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission.


CALPINE CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statement of Operations
For the Three Months Ended March 31, 2001 and 2000
(In thousands, except per share amounts)
(unaudited)
Three Months Ended March 31,
2001 2000
Revenue:
Electric generation
and marketing revenue $1,050,067 $206,068
Oil and gas production
and marketing revenue 175,957 17,179
Income from unconsolidated
investments in power projects 563 9,774
Other revenue 3,262 2,381
Total revenue 1,229,849 235,402

Cost of revenue:
Power plant generating
and marketing expense 551,735 52,885
Oil and gas production
and marketing expense 131,711 10,413
Fuel expenses 257,014 73,652
Depreciation expenses 52,910 27,818
Operating lease expenses 28,011 10,458
Other expenses 2,499 1,501
Total cost of revenue 1,023,880 176,727

Gross profit 205,969 58,675

Project development expenses 15,839 3,755
General and administrative expenses 32,712 8,619
Income from operations 157,418 46,301

Interest expense 15,705 17,907
Distributions on trust preferred securities 15,175 6,978
Interest income (19,359) (7,562)
Other income (10,787) (836)
Income before
provision for income taxes 156,684 29,814

Provision for income taxes 62,943 11,687

Income before cumulative
effect of a change in
accounting principle 93,741 18,127
Cumulative effect of a change
in accounting principle, net of tax 1,036 --
Net income $94,777 $18,127

Basic earnings per common share:
Weighted average shares
of common stock outstanding 284,160 253,347
Income before cumulative effect
of a change in accounting principle $0.33 $0.07
Cumulative effect of a
change in accounting principle $-- $--
Net income $0.33 $0.07

Diluted earnings per common share:
Weighted average shares of
common stock outstanding before
dilutive effect of certain
trust preferred securities 299,927 269,255
Income before dilutive effect
of certain trust preferred
securities and cumulative
effect of a change in accounting principle $0.31 $0.07
Dilutive effect of certain
trust preferred securities(A) $0.01 $--
Income before cumulative effect
of a change in accounting principle $0.30 $0.07
Cumulative effect of
a change in accounting principle $-- $--
Net income $0.30 $0.07
EBITDA(B) $251,490 $86,489

(A) Includes the dilutive effect of the assumed conversion of certain
trust preferred securities. For the three months ended
March 31, 2001, the assumed conversion calculation adds 32,969 shares
of common stock and $5,423 to the net income results, representing the
after tax distribution expense on certain trust preferred securities
avoided upon conversion.
(B) This non-GAAP measure is defined as net income less income from
unconsolidated investments, plus cash received from unconsolidated
investments, plus provision for tax, plus interest expense, plus
one-third of operating lease expenses, plus depreciation and
amortization, plus distributions on trust preferred securities.

MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X83467638


/CONTACT: press, Katherine Potter, ext. 1168, or investors, Rick Barraza, ext. 1125, both of Calpine Corporation, 408-995-5115/

Ende der Mitteilung
wolfgang2000

[wolfgang2000]

Kurs zieht deutlich an. Aktuell plus 4 Prozent!

wolfgang2000

[wolfgang2000]

Übrigens ist der Chart im wallstreet-online-board zu vernachlässigen weil die einen Split im Herbst übersehen haben!

wolfgang2000

[sparki]

Hi,

wäre schöm, du hättest das in den bereits bestehenden thread geschrieben.

ansonsten gebe ich dir mit der einschätzung recht.


gruß und weiterhin viel spass mit cpn.



gruß
jmf

[wolfgang2000]

Hier nachträglich der 6-Monats-Chart:



Calpine liegt aktuell in New York bei plus 5,3 Prozent.

wolfgang2000

[gotoweb]

Aktuelle Kaufempfehlung diese Woche von Börse Online.

CALPINE wird nun auch hier bekannt.

[gotoweb]

Möglicher Kauf von Warren Buffet!?

Friday, 4/27/01
CPN just recommended by analyst on Bloomberg as a possible pick by Warren Buffet at his annual meeting tomorrow.

[wolfgang2000]

Nach diesem Topergebnis sollten bald neue Höchststände im Bereich um die 60 Euro und darüber möglich sein. Der Chart zeigt dass der Höchstkurs der letzten 6 Monate so bei 56$ war. Wir befinden uns knapp unter diesem Kurs so bei 55$ und dürften bald mit den weiteren Empfehlungen die sicher bald kommen werden über die 60$ springen.

Auch Fonds dürften in grösserem Masse wieder einsteigen, da Calpine die ambitionierten Wachstumsprognosen mit den Quartalszahlen eindrucksvoll untermauert hat (30 Cent je Aktie statt von den Analysten prophezeiten 21-25 Cents)

Auf dem Niveau ist die Aktie ein klarer Kauf. Ich sehe die Aktie am Jahresende so bei 80$, vielleicht sogar bei 90$. Ausserdem dürfte Calpine bei weiter steigenden Kursen wieder mal nen Split durchführen.

Schönen Sonntag noch
wolfgang2000

[fishhawk]

Calpine hat aber für nen Energieversorger ein ziemlich hohes KGV von 41.

Damit sind sie 50% bis bis 100% höher bewertet als die meisten anderen unabahängigen Energieversorger in den USA.

Bleibt also zu hoffen, dass die Wachstumsraten das auch in Zukunft rechtfertigen.

[RandomGambler1]

Hi, sei ein paar Wochen habe ich mich von einigen High-Schreck Werten verabschiedet, um mich in ruhigeres Fahrwasser zu begeben. Dabei bin ich auf einen, so glaube ich wenigstens, guten Wert gestoßen: Calpine.

Ich erwarte ein ruhiges, kontinuierliches und zugleich starkes Wachstum. Alles was ich über Calpine bisher gelesen habe ist zusprechend, bis hin zum Management.

Allgemein ist im Energiesektor, insbesondere in den U.S. in nächster Zeit viel Geld zu machen. Hier eine aktuelle Stellungnahme von Vice President Dick Cheney :

Chenney comments on Power Plants

Monday April 30 2:21 PM ET Cheney Says U.S. Will Rely on Oil, Coal By Steve Holland WASHINGTON (Reuters) - Vice President Dick Cheney said on Monday there are no short-term solutions to America`s energy problems and that the country will have to rely on oil and coal and should reconsider nuclear as a power source. In a speech, Cheney outlined America`s energy problems and gave a hint of the recommendations he is to make soon to President Bush on how to cope with power shortages like those that have rocked California in recent months. ``The situation has been years in the making,`` Cheney told the annual meeting of the Associated Press in Toronto. ``It will take years to overcome. But President Bush and I have begun that work.`` Cheney has chaired a task force examining the depth of U.S. energy woes and is preparing recommendations for addressing them. They are expected to be released as early as mid-May. Suggesting California could be foretelling a national phenomenon, Cheney predicted that in parts of the Northeast, communities face the possibility of power shortages this summer. He said by one estimate rising fuel prices cost the economy at least $100 billion in 1999 alone. The problem is deep and wide: Two decades from now, the United States will rely on foreign sources for 64 percent of its oil, compared to 56 percent today, and by 2020, natural gas demand will rise by two-thirds, he said. What is more, he added, electricity needs will be such over the next 20 years that just meeting projected demand will require between 1,300 and 1,900 new power plants. ``That averages out to more than one new plant per week, every week, for 20 years running,`` he said. Cheney said alternative sources of fuel in the future may prove to be much more plentiful but ``we are not yet in a position to stake our economy and our own way of life on that possibility.`` ``Whatever our hopes for developing alternative sources of and for conserving energy, the reality is that fossil fuels supply virtually 100 percent of our transportation needs, and an overwhelming share of our electricity requirements. For years down the road, this will continue to be true,`` he said. Cheney argued Alaska`s Arctic National Wildlife Reserve, which environmentalists hail as America`s last great unspoiled wilderness, can be tapped for oil without disrupting the vast majority of the 19 million acre (7.6 million hectare) reserve. ``The amount of land affected by oil production would be 2,000 acres (800 hectares),`` he said. ``The notion that somehow developing the resources in ANWR requires a vast despoiling of the environment is provably false. This is one reason why the overwhelming majority of people who live in Alaska support developing this resource in their home state.`` Cheney said coal remains the primary source for electric power generation and will continue to be so for years to come. ``To try and tell ourselves otherwise is to deny blunt reality,`` he said. ``Coal is not the cleanest source of energy, and we must support efforts to improve clean-coal technology to soften its impact on the environment.`` Cheney said nuclear-generated electricity should not be overlooked. The government has not granted a single new nuclear power permit in more than 20 years. The nuclear industry is beset by safety concerns and there is no clear idea how to safely store radioactive wastes.

Für alle Freunde, die des Englischen nicht so mächtig sind : Die Versorgung mit Energie bleibt über Jahre hinaus angespannt !

mfg RG1

[Art Bechstein]

Besonders faszinierend bei Calpine ist wirklich die große Anzahl von Fonds die investiert sind. Die kommen auch aus allen Ecken (Umwelt, New Power, Mischfonds, small-Caps) der Wert scheint überall sehr beliebt, da ist immer ein sehr gutes zeichen und wird weitere Empfehlungen nach sich ziehen.

Ciao

Art


CB Fund NewPower /... 591975 46,62 04.05. +1,68% +12,91% +0,93% - -
CB Fund NewPower /... 591978 52,27 04.05. +2,85% +13,75% +6,71% - -
DIT-Dresd. Gl. Str.... 578477 36,52 04.05. +4,34% +21,81% -9,36% - -
FOCUS UMWELTTECHNOL... 847047 104,13 04.05. +3,67% +13,77% -4,20% +24,10% +58,31%
DIT-Dresd. Gl. Str.... 578478 32,59 04.05. +3,13% +21,51% -13,92% - -
Alger Fund, The / S... 973605 7,48 03.05. +1,63% +23,43% -7,31% -4,32% +39,33%
AIM Cap.Fds-AIM Cap... 987902 13,27 03.05. -3,21% +10,40% -21,01% -40,39% -8,48%
AIM Cap.Fds-AIM Cap... 987903 12,92 03.05. -3,15% +10,33% -21,12% -40,76% -
MFS Fds US Emerging... 974140 44,09 03.05. +1,87% +17,54% -7,02% -20,29% +21,66%
MFS Fds US Emerging... 974141 21,67 03.05. +1,93% +17,58% -7,04% -20,27% +21,40%
UBS (Lux) Equ.Fd-Ec... 987076 813,33 03.05. +3,67% +12,90% -2,49% -9,46% +29,23%
Am.Ex.Fds S.-US Agg... 974981 27,05 04.05. +1,27% +14,47% -11,14% -13,36% +35,05%
Am.Ex.Fds S.-US Agg... 930465 16,53 04.05. +1,29% +14,47% -11,22% -13,77% -
Fr.Temp.Inv.Fds S.-... 937448 5,44 03.05. +5,43% +27,40% -20,47% -36,60% -
ABN AMRO Fd.SICAV-G... 988120 73,85 03.05. -0,62% +13,65% -1,66% +17,43% -
WARBURG-US-GROWTH-F... 976538 37,80 04.05. +3,39% +17,32% -10,53% -26,42% +75,86%
BWK-AKTIEN-STRATEGI... 976678 115,73 04.05. -2,06% +10,57% -6,75% -30,42% +23,89%
MFS Fds US Emerging... 974142 42,78 03.05. +1,88% +17,53% -7,10% -20,39% +20,98%
KD Fonds Öko-Invest... 971682 159,97 04.05. +4,24% +18,29% -9,05% -11,19% +65,22%
MFS Fds US Emerging... 974167 21,55 03.05

[Plotin]

@art bechstein

...viele Fonds investiert: Kann nach hinten los gehen, wenn viele Fonds auf einmal verkaufen wollen.

Ich fänd`s angenehmer, wenn sie NOCH nicht investiert wären.

[wolfgang2000]

@plotin

Calpine ist ein Wert der die Erwartungen immer deutlich übererfüllt, attraktiv bewertet ist und vor allem überdurchschnittliche Wachstumschancen bis mindestens ins Jahr 2004-5 bietet.

Warum sollte ich als Fondsmanager einen solchen Wert verkaufen, kannst Du mir das erklären?
Eher ein Wert zum Aufstocken & Nachkaufen würde ich sagen.

wolfgang2000

[fishhawk]

@wolfgang 2000

In den meisten Punkten gebe ich dir Recht, allerdings darfst du mir die "attraktive" Bewertung genauer Erklären.

Welche Vergleichswerte nimmst du und von welchen Erwartungen gehst du aus ?

[wolfgang2000]

Sieht so aus als ob Calpine an der 100-Tage-Linie kehrt macht und sich auf macht endlich neue Höchststände zu erobern....

Wir sind kurz davor... Dazu kommt noch dass der ganze Energiesektor in den letzten Tagen deutlich heraufgestuft wurde, nicht zuletzt wegen der Energiekrise und des anhaltend hohen Strombedarfes in den Staaten...

So nebenbei bemerkt hat Calpine in den letzten Tagen auch wieder ein paar Übernahmen getätigt, 6 Analysten haben die Erwartungen hochgestuft. Das aktuelle PEG beträgt gerade mal 0,7, also bis 1 sind noch etwa 40% Potential.
Mein persönliches Kursziel bis Jahresende sind auch so etwa 70-75 Dollar.

wolfgang2000

[artventura]

diese meldung dürfte die rosige zukunft für calpine wieder mal bestätigen!
die preise für elektizität scheinen stark anzusteigen.
31-57 pfennig pro kw/h - da ist ja deutscher ökostrom noch viel billiger!!!

Meldung vom 16.05.2001 10:15
Drastische Strompreiserhöhungen in Kalifornien

Staatliche Energiekommission verteidigt Beschlüsse

San Francisco (AP)

Die Kunden der beiden größten kalifornischen Energieunternehmen müssen höhere Strompreise von
durchschnittlich 19 Prozent in Kauf nehmen. Die staatliche Energiekommission (PUC) verabschiedete am
Dienstag mit drei zu zwei Stimmen den Plan, nach dem auf die Kunden mit dem höchsten Verbrauch sogar
Preissteigerungen bis zu 80 Prozent zukommen. Mehr als die Hälfte der Privatkunden zahle jedoch nicht mehr
als bisher, hieß es. Die Abstimmung war von Protesten begleitet.

Die Kunden der Energieunternehmen Pacific Gas & Electric (PG&E) und Southern California Edison
wurden von der PUC in fünf Gruppen unterteilt. Für die Verbraucher der obersten Gruppe mit dem höchsten
Verbrauch, etwa neun Prozent der Kunden, steigt der Preis pro Kilowattstunde von 14,3 Cent (31 Pfennig/16
europäische Cent) auf 25,8 Cent (57 Pfennig/29 europäische Cent). Die monatliche Rechnung beträgt für diese
Haushalte durchschnittlich 317 Dollar (707 Mark/360 Euro); zuvor waren 232 Dollar (517 Mark/264 Euro). Für
Geringverdiener und Kunden mit niedrigem Stromverbrauch ändern sich die Preise nicht. Für die industriellen
Kunden von PG&E steigen die Strompreise um rund 50 Prozent, während die Preissteigerungen für die
Landwirtschaft und kleinere Unternehmen weniger deutlich ausfallen. Die Änderungen gelten rückwirkend zum
27. März.

Vor dem Abstimmungsort in San Francisco forderten Demonstranten die Rücknahme der Entscheidung.
PUC-Mitglied Jeff Brown wies dies zurück und erklärte, die Gesellschaft könne nicht einfach so tun, als gäbe
es das Problem nicht. Der Staat Kalifornien hat bisher mehr als fünf Milliarden Dollar (elf Milliarden Mark/sechs
Milliarden Euro) ausgegeben, um die Kunden der beiden Energieunternehmen mit Strom zu versorgen. PG&E
meldete Anfang April Konkurs an. Ursache der Energiekrise in Kalifornien ist eine verfehlte staatliche
Regulierungspolitik. Nach der Liberalisierung des Strommarktes waren die Elektrizitätsunternehmen nicht in
der Lage, die sprunghaft steigenden Strompreise an die Verbraucher weiterzugeben und machten daher
Verluste in Milliardenhöhe.


© AP


artventura

[Eva4]

Und wat is nu los?
Eva

[wolfgang2000]

Keine negativen News, im Gegenteil. Weitere Kaufempfehlungen.

Vor ein paar Monaten gab es mal einen ähnlichen Einbruch von Calpine. Der Wert hat sich dann innerhalb von eineinhalb Monaten fast verdoppelt.

Auf jeden Fall investiert bleiben, die Zukunftsaussichten bleiben rosig!

wolfgang2000

[gotoweb]

Hat Calpine nicht gerade Umwelt-Probleme, wegen der Erstellung eines Kraftwerkes in Kalifornien?

[Biz]

@gotoweb
ich nehme an, Du sprichst die Metcalf-Geschichte in San Jose an. Der Stadtrat hat gestern 10:1 für das Projekt gestimmt.

[gotoweb]

Warum dann der riesige Fall von USD 58,00 zu USD 43,00?

Bear Stearns sagt nur noch Halten.

Ist CPN eigentlich mit Aquila (ILA) vergleichbar?

[starshine]

ich habe da meine eigene meinung: wer in calpine investiert ist, oder unternehmensanteile erwerben möchte und sich den verlauf des charts in den letzten 6 monaten anschaut (da gab es auch einige rücksetzer), sich die unternehmensmeldungen bei finance.yahoo.com anschaut, der müßte jetzt eigentlich kaufen!!

wenn dies jemand anders sieht, dann bitte ich um plausible begründungen.

starshine

[Biz]

Raymond James analyst Frederick Schultz stuft Calpine auf strong buy.
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yh…

Trotzdem kann auch Calpine nicht immer nur steigen. Wie jeder Bergsteiger müssen auch die Calpinisten bei ihrem Aufstieg mal eine Pause machen. Nach der Verschnaufpause gehts dann weiter.

[wolfgang2000]

DIE TELEBÖRSE
Calpine bei Kurstief einsteigen Datum: 13.06.2001


Die Börsenkenner des Anlegermagazins „Die Telebörse“ empfehlen den Anlegern bei einem Kurstief bei Calpine (WKN 902918) einzusteigen. Das Unternehmen produziere Strom in Gas- und Geothermiekraftwerken. Das Unternehmen habe seinen Gewinn im letzten Jahr um 238 Prozent auf 324,7 Millionen US-Dollar steigern können. Daraufhin habe die Aktie um 181 Prozent zugelegt. Calpine wolle den aggressiven Expansionskurs beibehalten. Im Jahr 2000 habe man 5849 Megawatt Strom produziert und wolle in fünf Jahren 70.000 Megawatt produzieren. Noch in diesem Jahr wolle man 13 neue Kraftwerke ans Netz bringen. Auch in den nächsten Jahren werde man von der anhaltend hohen Nachfrage an Gaskraftwerken profitieren können. Anleger sollen nach Ansicht von Analysten von Die Telbörse schwächere Tage zum Einstieg bei Calpine nutzen.

wolfgang2000

[wolfgang2000]

Ich werde ab heute auch versuchen sämtliche wichtigen News zu Calpine hier hereinzustellen: Mittelfristig nämlich ist Calpine auf dem aktuellen Nivau ein klarer Kauf.

News von heute:

Calpine Receives Unanimous Florida State Approval for Power Plant

SAN JOSE, Calif., June 28 /PRNewswire/ -- Calpine Corporation (NYSE: CPN), the San Jose-based independent power producer, announced today that Florida`s Power Plant Siting Board granted final state regulatory approval for its proposed 529-megawatt Osprey Energy Center, to be located in Auburndale, Florida. The Power Plant Siting Board, comprised of Governor Jeb Bush, and the state`s independently elected cabinet, voted unanimously for approval.

Calpine is the first independent power producer to receive approval of a Site Certification Application for a large-scale combined-cycle generating facility under Florida`s complex Power Plant Siting Act. Full-scale construction will begin later this year. The $250 million facility will rely on clean-burning natural gas supplied by the new Gulfstream Pipeline, which is currently under construction. As previously announced, the Osprey Energy Center will provide output under long-term contract to Seminole Electric Cooperative, Inc.

"Today`s vote represents a dramatic step forward both in terms of Calpine`s Florida development program, and the ongoing evolution of the state`s wholesale power market," said Bob Alff, Calpine`s Senior Vice President and head of its East Region Portfolio. "We are greatly pleased to be the first independent power producer to successfully navigate Florida`s difficult power plant approval process. We remain fully committed to our goal of expanding our presence in Florida to help supply the state`s growing energy needs with clean, reliable and competitively-priced electric power," he added.

Calpine currently owns and operates an existing 150-megawatt cogeneration facility in Auburndale, and will expand its existing Auburndale plant this summer by adding a 100-megawatt peaking unit at the site. Calpine has announced its intent to invest more than $750 million to help supply Florida`s fast-growing electric power market. In addition to the now-approved Osprey project, Calpine is continuing to move forward with the proposed 1,080-megawatt Blue Heron Energy Center, to be located in Indian River County, west of Vero Beach. Calpine reinforced its commitment to the Florida market by opening and fully staffing an office in Tampa during 2000.

Calpine Corporation, based in San Jose, Calif., is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 32,200-megawatts of base load capacity and 7,200-megawatts of peaking capacity in operation, under construction, and in announced development in 29 states and Canada. 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, visit its Website at www.calpine.com.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations, including pending changes in California, and anticipated deregulation of the electric energy industry, (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations, (iii) cost estimates are preliminary and actual cost may be higher than estimated, (iv) the assurance that the Company will develop additional plants, (v) a competitor`s development of a lower-cost gas-fired power plant, (vi) receipt of regulatory approvals or (vii) the risks associated with marketing and selling power from power plants in the newly competitive energy market. Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission.

/CONTACT: press, Bill Highlander, ext. 1244, or investors, Rick Barraza, ext. 1125, both of Calpine Corporation, 408-995-5115/

Ende der Mitteilung
wolfgang2000

[Johnny1609]

Bin heute ebenfals in Calpine eingestiegen, die langfristigen chancen sehen wirklich nicht schlecht ein. werde bei kursschwächen sukzessive zukaufen.

[MrGruendlich]

@ Hi All

Bin durch Euren Thread auf Calpine aufmerksam geworden und seit vorgestern mit im Boot. Macht weiter so ( besonders @wolfgang2000 ).



MfG MrGruendlich

[Ained]

06-28-01 10:35:33 AM Fla. approves Calpine`s proposed 529-MW power plant NEW YORK, June 28 (Reuters) - Calpine Corp. (CPN.N) said Thursday Florida regulators approved of its construction of a 529-megawatt power plant in Auburndale, Florida. The proposed plant, know as the Osprey Energy Center, is expected to cost $250 million to build. Construction is set to begin later this year, Calpine said in a statement. The plant will burn natural gas from the new Gulfstream Pipeline, which is currently under construction, Calpine said. Power will be sold to the Seminole Electric Cooperative Inc. under a long-term contract. REUTERS

[Ained]

06-28-2001 09:31:37 AM Calpine Receives Unanimous Florida State Approval for Power Plant SAN JOSE, Calif., June 28 /PRNewswire/ Calpine Corporation (NYSE: CPN),the San Jose-based independent power producer, announced today that Florida`s Power Plant Siting Board granted final state regulatory approval for its proposed 529-megawatt Osprey Energy Center, to be located in Auburndale, Florida. The Power Plant Siting Board, comprised of Governor Jeb Bush, and the state`s independently elected cabinet, voted unanimously for approval. Calpine is the first independent power producer to receive approval of a Site Certification Application for a large-scale combined-cycle generating
facility under Florida`s complex Power Plant Siting Act. Full-scale construction will begin later this year. The $250 million facility will rely on clean-burning natural gas supplied by the new Gulfstream Pipeline, which is currently under construction. As previously announced, the Osprey Energy Center will provide output under long-term contract to Seminole Electric Cooperative, Inc. "Today`s vote represents a dramatic step forward both in terms of
Calpine`s Florida development program, and the ongoing evolution of the state`s wholesale power market," said Bob Alff, Calpine`s Senior Vice President and head of its East Region Portfolio. "We are greatly pleased to be the first independent power producer to successfully navigate Florida`s difficult power plant approval process. We remain fully committed to our goal of expanding our presence in Florida to help supply the state`s growing energy needs with clean, reliable and competitively-priced electric power," he added. Calpine currently owns and operates an existing 150-megawatt cogeneration facility in Auburndale, and will expand its existing Auburndale plant this summer by adding a 100-megawatt peaking unit at the site. Calpine has announced its intent to invest more than $750 million to help supply Florida`s fast-growing electric power market. In addition to the now-approved Osprey project, Calpine is continuing to move forward with the proposed 1,080-megawatt Blue Heron Energy Center, to be located in Indian River County, west of Vero Beach. Calpine reinforced its commitment to the Florida market
by opening and fully staffing an office in Tampa during 2000. Calpine Corporation, based in San Jose, Calif., is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 32,200-megawatts of base load capacity and 7,200-megawatts of peaking capacity in operation, under construction, and in announced development in 29 states and Canada. 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, visit its Website at www.calpine.com.

[MrGruendlich]

Calpine`s Sutter Energy Center Is Up and RunningFirst New Major Baseload Generator for California


SAN JOSE, Calif., Jul 2, 2001 /PRNewswire via COMTEX/ -- In a milestone for
California, San Jose-based Calpine Corporation [NYSE: CPN] announced operation
of its Sutter Energy Center, located near Yuba City. Sutter is the first major
combined-cycle facility built in California in over a decade. This new highly
efficient facility is providing 540 megawatts of affordable electricity to
California on a 24 hours a day, seven days a week availability.

Governor Gray Davis and Calpine CEO Peter Cartwright will hold a press
conference Monday afternoon to note the importance of the Sutter Energy Center
in alleviating the shortage of generation in California and the support of the
local community, the construction and trades people, and numerous groups that
helped make the project a reality.

Cartwright said, "Sutter is the first of eleven announced modern, highly
efficient energy centers Calpine is building in the State. As a California
company, we are committed to providing affordable, reliable electricity, and
we`re pleased to announce a second Calpine project, the Los Medanos Energy
Center, will begin operations later this month. Three more Calpine projects are
under construction, and our California initiative will yield 12,000 megawatts of
needed electricity by the end of 2005."

Calpine`s vision to invest in new power for California preceded the current
energy crisis. With development efforts beginning in 1996, the Sutter Energy
Center is the first facility to be licensed by the California Energy Commission
since the restructuring of the State`s electric utility market. After approval
in the spring of 1999, Calpine began construction in June. Building costs are
estimated to be approximately $350 million. More than 500 construction and trade
personnel worked on the project over a 2-year span. During the past several
months, the project scheduled two ten-hour shifts, six days a week to get the
plant operating as soon as possible in light of the energy crisis.

The Sutter Energy Center is located just south of Yuba City in Sutter County
near Sacramento and is operated by a 25-member staff of highly trained
personnel.

As with all of Calpine`s modern baseload facilities, Sutter uses combined-cycle
design with natural gas-fired turbines in combination with a steam turbine. Best
available control technologies ensure that emissions are low. Environmental
protection and project safety are always emphasized.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing
customers with reliable and competitively priced electricity. Calpine is focused
on clean, efficient, natural gas-fired generation and is the world`s largest
producer of renewable geothermal energy. Calpine has launched the largest power
development program in North America. To date, the company has approximately
32,800 megawatts of base load capacity and 7,200 megawatts of peaking capacity
in operation, under construction and in announced development in 29 states and
Canada. 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, visit
its Website at www.calpine.com.

This news release discusses certain matters that may be considered
"forward-looking" statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended, including statements regarding the intent, belief or current
expectations of Calpine Corporation ("the Company") and its management.
Prospective investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve a number of risks and
uncertainties that could materially affect actual results such as, but not
limited to, (i) changes in government regulations, including pending changes in
California, and anticipated deregulation of the electric energy industry, (ii)
commercial operations of new plants that may be delayed or prevented because of
various development and construction risks, such as a failure to obtain
financing and the necessary permits to operate or the failure of third-party
contractors to perform their contractual obligations, (iii) cost estimates are
preliminary and actual cost may be higher than estimated, (iv) the assurance
that the Company will develop additional plants, (v) a competitor`s development
of a lower-cost generating gas-fired power plant, and (vi) the risks associated
with marketing and selling power from power plants in the newly competitive
energy market. Prospective investors are also cautioned that the California
energy environment remains uncertain. The Company`s management is working
closely with a number of parties to resolve the current uncertainty, while
protecting the Company`s interests. Management believes that a final resolution
will not have a material adverse impact on the Company. Prospective investors
are also referred to the other risks identified from time to time in the
Company`s reports and registration statements filed with the Securities and
Exchange Commission.



MfG MrGruendlich

[wolfgang2000]

Calpine tritt in den englischen Strommarkt ein!

Calpine Enters UK Power Market

Company to Acquire 1,200-Megawatt Gas-fired Power Plant From Entergy

SAN JOSE, Calif., July 5 /PRNewswire/ -- Calpine Corporation (NYSE: CPN), the leading U.S. independent power company, today announced it is entering the UK power market. The company has signed a binding agreement to acquire a 1,200-megawatt natural gas-fired power plant at Saltend near Hull, Yorkshire, England from Entergy Wholesale Operations for approximately 560 million pounds sterling ($US800 million). The Saltend Energy Centre entered commercial operations in November 2000 and is one of the largest natural gas-fired electric power generating facilities in England.

As a cogeneration facility, Saltend Energy Centre provides electricity and steam for BP Chemical`s Hull Works plant under the terms of a 15-year agreement. The balance of the plant`s output is sold into the deregulated UK power market. The facility incorporates natural gas-fired combustion turbines in combination with steam turbines to optimize fuel efficiency. As a result, Saltend is well placed in the UK competitive market.

Calpine will assume operations of the facility and expects to hire the facility`s existing operations staff. BP Gas Marketing Limited will continue to supply natural gas for the plant under the terms of a 15-year contract.

Rick Haviland, Calpine`s senior vice president, stated, "The Saltend Energy Centre, one of England`s largest and most technologically advanced power generating facilities, is well positioned to serve the UK power market. This modern cogeneration facility marks Calpine`s entry into the robust UK power industry and represents the cornerstone for our European strategy. We plan to capitalize on our core power competencies developed in North America, including power plant development, construction, operations and power trading, selectively expanding our operations in the UK, as well as Italy and Spain."

Essentially an electrical island, the 52,000-megawatt UK power market has limited ability to import power. The market was privatized in the early 1990s, and has experienced a dramatic shift to natural gas-fired generation. Over the last ten years, the natural gas-fired market has grown from zero to 33 percent. Coal has fallen from 72 to 33 percent, and market concentration has reduced significantly. Overall market demand is growing at approximately 1.5 percent per annum.

Calpine will continue to provide electricity and steam to BP Chemical`s facility -- the largest single producer of acetic acid and associated products in Europe. Calpine is an experienced developer and operator of natural gas-fired cogeneration facilities. The company designs and builds its cogeneration power plants to meet the unique electricity and steam requirements of major industrial customers.

The Saltend facility consists of three Mitsubishi Heavy Industries 701F2 gas turbines under license from Westinghouse. The 701F2 is a development of the 701F and 701FA turbines, which have been in operation since 1997. The turbines are configured in combination with a heat recovery steam generator and steam turbine. This combined-cycle configuration allows Calpine to generate electricity in a highly fuel-efficient manner, resulting in lower costs and improved air quality.

Calpine will host a conference call to discuss the Saltend acquisition today at 8:30 a.m. Pacific Daylight Time (11:30 a.m. Eastern Daylight Time). The call is available in a listen-only mode by dialing 800-370-0906 five minutes prior to the start of the conference call. International callers should dial 973-872-3100. In addition, Calpine will simulcast the conference call live via the Internet today. The webcast can be accessed and will be available for 30 days on the investor relations page of Calpine`s website at www.calpine.com.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 34,000 megawatts of base load capacity and 7,200 megawatts of peaking capacity in operation, under construction, pending acquisition and in announced development in 29 states, the UK and Canada. 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, visit its Web site at www.calpine.com.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations and anticipated deregulation of the electric energy industry; (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations (iii) the assurance that the Company will develop additional plants, (iv) a competitor`s development of a lower-cost generating gas-fired power plant or (v) the risks associated with marketing and selling power from power plants in the newly competitive energy market. Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission

/CONTACT: media, Katherine Potter, ext. 1168, or investors, Rick Barraza, ext. 1125, both of Calpine Corporation, 408-995-5115/

Ende der Mitteilung
wolfgang2000

[wolfgang2000]

News:

PG&E to Assume Calpine`s California QF Contracts

Calpine to Receive All Past Due Receivables

SAN JOSE, Calif., July 6 /PRNewswire/ -- Calpine Corporation (NYSE: CPN), the San Jose, Calif.-based independent power company, announced today that it has entered into a binding agreement with Pacific Gas and Electric Company (PG&E) to modify and assume all of Calpine`s Qualifying Facility (QF) contracts with PG&E. Calpine and PG&E today filed a stipulation with the U.S. Bankruptcy Court for the Northern District of California (Bankruptcy Court) seeking authorization for PG&E to assume the modified Calpine QF contracts. The Bankruptcy Court is scheduled to approve the agreement on July 12, 2001.

Under the terms of the agreement, Calpine will continue to receive its contractual capacity payments plus a five-year fixed energy price component of approximately 5.37 cents per kilowatt-hour, which is consistent with the recent California Public Utilities Commission Decision No. 01-06-015. In addition, all past due receivables under the QF contracts will be elevated to administrative priority status and paid to Calpine, with interest, upon the effective date of a confirmed plan of reorganization. Administrative claims enjoy priority over payments made to the general unsecured creditors. As of April 6, 2001, Calpine had recorded approximately $267 million in accounts receivable with PG&E under its QF contracts.

QF facilities are an integral part of California`s energy market, representing more than 20 percent of the state`s power supply. Calpine`s 11 QF projects provide close to 600 megawatts of electricity to Northern California customers.

James Macias, Calpine senior vice president, states, "Calpine is the first power company to modify its QF contracts with PG&E to ensure that Northern California consumers will continue to benefit from these affordable and reliable energy resources. As the state`s leading developer of modern energy facilities, we remain committed to California`s power industry."

Calpine will host a conference call to discuss the PG&E agreement today at 8:30 a.m. Pacific Daylight Time (11:30 a.m. Eastern Daylight Time). The call is available in a listen-only mode by dialing 800-370-0906 five minutes prior to the start of the conference call. International callers should dial 973-872-3100. In addition, Calpine will simulcast the conference call live via the Internet today. The webcast can be accessed and will be available for 30 days on the investor relations page of Calpine`s website at www.calpine.com.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 34,000 megawatts of base load capacity and 7,200 megawatts of peaking capacity in operation, under construction, pending acquisition and in announced development in 29 states, the UK and Canada. 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, visit its website at www.calpine.com.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations, including pending changes in California, and anticipated deregulation of the electric energy industry, (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations, (iii) cost estimates are preliminary and actual cost may be higher than estimated, (iv) the assurance that the Company will develop additional plants, (v) a competitor`s development of a lower-cost generating gas-fired power plant, and (vi) the risks associated with marketing and selling power from power plants in the newly competitive energy market. Prospective investors are also cautioned that the California energy environment remains volatile, especially in light of Pacific Gas and Electric Company`s Chapter 11 bankruptcy filing, including uncertainties and delays inherent in the bankruptcy process, where the court sits as a court of equity and must reconcile the competing interests of multiple parties. The Company`s management is working closely with a number of parties to resolve the current uncertainty, while protecting the Company`s interests. Management believes that a final resolution will not have a material adverse impact on the Company. Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission

/CONTACT: media, Bill Highlander, ext. 1244, or investors, Rick Barraza, ext. 1125, both of Calpine Corporation, 408-995-5115/

Ende der Mitteilung
wolfgang2000

[wolfgang2000]

Calpine reagiert sehr sehr positiv auf diese Meldung. Aktuell plus acht Prozent in den Staaten... Und das bei dem Marktumfeld. Ich glaube auch dass Versorgerwerte wie Calpine und Aquila wieder verstärkt in diesen "unsicheren" Zeiten gekauft werden und sich bestimmt besser wie der Markt entwickeln werden. Vielleicht war das ja heute der Startschuss zu einer kleinen Aufholjagd bei Calpine. Zeit wärs ja!

wolfgang2000

[wolfgang2000]

Calpine schloss mit einem Plus von sage und schreibe 14,08 Prozent bei 42,62 Dollar.

Ausserdem gabs noch eine Kaufempfehlung:

Analysts look at long term, suggest stocks in energy, software sectors

CNNfn (Online)
Charles Payne, president of Wall Street Strategies, thinks "patience is essential when taking a position in a volatile market." According to Payne, "I think that one of the problems that lingers with us from the last five years, with every one jumping into the market, is that we need instantaneous results." He suggest positions in stocks like this one for the long-term.

Ende der Mitteilung
wolfgang2000

P.S.: Das aktuelle PEG beträgt gerade mal 0,5, das KGV 2001 22, das KGV 2002 deutlich unter 15. Das durchschnittliche Kursziel von 16 Analysten in den Staaten liegt bei 70 Dollar. Ich denke mal auf Jahressicht ist das sicherlich erreichbar. Nimmt man das KGV 2003 zugrunde dürfte eine nochmalige deutliche Kurssteigerung möglich sein.

[MrGruendlich]

@ Wolfgang 2000 and All

Charttechnisch sieht es bei Calpine sehr gut aus :







Bei Calpine stimmt momentan alles . Abwärtstrend verlassen .


MfG MrGruendlich

[wolfgang2000]

News:

Calpine`s Los Medanos Energy Center Adds Needed Generation to California

Second New Major Base Load Generator for California

SAN JOSE, Calif., July 9 /PRNewswire/ -- San Jose, Calif.-based Calpine Corporation (NYSE: CPN) announced today that its 555-megawatt Los Medanos Energy Center in Pittsburg, Calif. is providing needed electricity to California`s strained power grid. Los Medanos is the second major combined-cycle facility to be licensed and built in California in over a decade. Fueled by natural gas, the facility is designed to add up to 555-megawatts of clean, reliable electricity to California on a 24 hours a day, seven days a week availability. As a cogeneration facility, the project also delivers electricity and steam to USS POSCO for use in industrial processing.

Governor Gray Davis and Calpine CEO Peter Cartwright will hold a press conference Monday afternoon to commission the Los Medanos Energy Center and to recognize the support of the local community, the construction and trades people, and numerous organizations that helped develop the facility.

Cartwright said, "We are committed to creating innovative energy solutions for California`s growing power market. Los Medanos exemplifies excellence in power generation-ratepayers and the environment benefit as Calpine brings to California new energy resources like Los Medanos."

Los Medanos is the second of eleven announced modern, fuel-efficient energy centers Calpine is building in the State as part of a $6 billion energy initiative. Three additional facilities are under construction, including an 880-megawatt facility in Pittsburg at Dow Chemical`s facility. By year-end 2005, Calpine expects to be generating 12,000 megawatts of clean, affordable electricity to help repower California.

Calpine broke ground on the Los Medanos Energy Center in September 1999. More than 600 construction and trade personnel worked on the project over a 20-month period. During the past several months, the project scheduled two ten-hour shifts, seven days a week to get the plant operating as soon as possible in light of the energy crisis. And over the past several weeks, technical teams worked round the clock to complete the facility. The total cost of construction is estimated to be approximately $350 million.

The Los Medanos Energy Center is located in Pittsburg, Calif., in Contra Costa County adjacent to the USS POSCO plant and is operated by a 22-member staff of highly trained personnel.

As with all of Calpine`s modern base load facilities, Los Medanos uses combined-cycle design with natural gas-fired turbines in combination with a steam turbine to achieve maximum fuel efficiency. Advanced emissions control technology enables Calpine to reduce certain emissions by more than 90 percent.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 34,000 megawatts of base load capacity and 7,200 megawatts of peaking capacity in operation, under construction, pending acquisitions and in announced development in 29 states, the United Kingdom and Canada. 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, visit its Website at www.calpine.com.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations, including pending changes in California, and anticipated deregulation of the electric energy industry, (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations, (iii) cost estimates are preliminary and actual cost may be higher than estimated, (iv) the assurance that the Company will develop additional plants, (v) a competitor`s development of a lower-cost generating gas-fired power plant, and (vi) the risks associated with marketing and selling power from power plants in the newly competitive energy market. Prospective investors are also cautioned that the California energy environment remains uncertain. The Company`s management is working closely with a number of parties to resolve the current uncertainty, while protecting the Company`s interests. Management believes that a final resolution will not have a material adverse impact on the Company. Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission/CONTACT: media, Katherine Potter, 408-995-5115, ext. 1168, or investors, Rick Barraza, 408-995-5115, ext. 1125, both of Calpine Corporation/


Ende der Mitteilung
wolfgang2000

[wolfgang2000]

Calpine erfuhr allein von gestern auf heute in den Staaten fünf Heraufstufungen und schloss wieder mit einem Plus von 3 Prozent. Strong buy.

wolfgang2000

[MrGruendlich]

@ wolfgang2000

wo hast denn das her ? Stell mal nen Link rein .


MfG MrGruendlich

[wolfgang2000]

Geh mal auf www.nasdaq.com und sieh Dir unter cpn die Rubrik Analysten an. Dort gibt es sieben Heraufstufungen inzwischen. Als ich vorgestern reinsah gab es deren zwei, gestern waren es bereits sieben!

wolfgang2000

[MrGruendlich]

Calpine Completes Fully Integrated Installation of Caminus` Nucleus Software for Energy Trading and Risk Management


NEW YORK, Jul 10, 2001 (BUSINESS WIRE) -- Caminus Corporation (Nasdaq: CAMZ), a
leading provider of software solutions and strategic consulting services to
participants in the competitive energy markets throughout North America and
Europe, today announced the successful installation of its Nucleus Energy
Trading System at Calpine Corporation (NYSE: CPN).

Calpine Energy Services is using the system to manage its Houston-based physical
and financial energy commodities trading operations. The implementation at
Calpine includes five integrated software modules for trading physical power,
physical gas and financial derivatives. The system provides Calpine with one
solution for managing all activities associated with optimizing its merchant
portfolio.

"With the completion of the Nucleus implementation, we passed a significant
milestone on our way to becoming a world-class risk management organization,"
said Andrew Slocum, Director of Risk Analysis at Calpine Energy Services, a
subsidiary of Calpine Corporation. "Deciding to go forward with one system for
all commodity functions was not the easy way to go, but it was the right way to
go. Now we have 150 people working off the same system. Nucleus` integrated
systems provide us with a tremendous advantage."

Caminus` Nucleus Energy Trading System puts into the hands of energy traders and
marketers a highly integrated tool suite to proactively organize, track and
manage energy transactions from generation to end-user delivery. Traders can use
the software to monitor profit and loss risk associated with any commodity
traded, and can manage credit risk and exposure as well as positions.

"We are very excited about seeing Calpine fully utilizing the capabilities of
the Nucleus system," said John Gerold, Senior V.P. at Caminus` Nucleus Product
Group. "This success is the result of our strong business partnership with
Calpine and our commitment to working together to completely understand and
facilitate Calpine`s business needs. We look forward to a continuing, fruitful
relationship."


About Calpine Corporation

Based in San Jose, Calif., Calpine Corporation is dedicated to providing
customers with reliable and competitively priced electricity. Calpine is focused
on clean, efficient, natural gas-fired generation and is the world`s largest
producer of renewable geothermal energy. Calpine has launched the largest power
development program in North America. To date, the company has approximately
31,200 megawatts of base load capacity and 6,800 megawatts of peaking capacity
in operation, under construction, and in announced development in 28 states and
Canada. 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, visit
its Website at www.calpine.com.


About Caminus Corporation

Caminus Corporation is a leading provider of risk management software and
strategic consulting services for participants in energy markets throughout
North America and Europe, including utilities, electrical power generating
companies, energy marketers, electric power pools, gas producers, processors,
and pipelines. Caminus offers a suite of software solutions and associated
services to enable energy market participants to manage complex risk scenarios
and effectively trade and manage energy transactions addressing multiple energy
commodities and types of risk across varied geographies.

In addition to its suite of risk management software solutions, Caminus also
provides strategic consulting services for market-related issues within the
energy sector. The company currently has over 150 energy enterprise customers of
its software solutions and strategic consulting services, including British
Energy, Consolidated Edison, Conoco, and Powergen. Caminus is headquartered in
New York, with offices in London and Cambridge, UK; Houston and Dallas, Texas;
and Calgary, Canada. For more information about Caminus, please visit the
corporate Web site at www.caminus.com.



MfG MrGruendlich @ Wolfgang2000 DANKE !!!

[wolfgang2000]

Haufenweise News von Calpine:

1)

Calpine Corporation Completes Acquisition of San Diego Power Project From PG&E National Energy Group
SAN JOSE, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--July 10, 2001--


Expected to be operational in 2003, the 500-megawatt Otay Mesa Generating Project will be the first new power facility built in San Diego County in 30 years

Calpine Corporation (NYSE:CPN) and PG&E Corporation`s (NYSE:PCG) PG&E National Energy Group announced today that Calpine has completed the acquisition of the Otay Mesa Generating Project in San Diego County.

The PG&E National Energy Group developed the project, which was licensed by the California Energy Commission in April. Construction of the 500-megawatt energy center is expected to begin later this summer, with completion targeted for mid-2003.

Under the terms of the sale, Calpine will build, own and operate the facility and PG&E National Energy Group will contract for up to 250 megawatts of output.

"This project will directly address the electricity supply imbalance that currently exists in San Diego County," said Ron Walter, Senior Vice President - Business Development. "Otay Mesa is an important component needed to ensure price stability and power reliability for San Diego and all of California."

"The PG&E National Energy Group is committed to being part of the energy solution in California," said Thomas B. King, president and Chief Operating Officer of the PG&E National Energy Group, West Region. "Generation from the Otay Mesa plant will be an important part of our growing western resource portfolio."

The Otay Mesa Generating Project will be located within a 46-acre property on the eastern portion of Otay Mesa, near the base of the San Ysidro Mountains, approximately 1.5 miles from the United States-Mexico border.

Designed as a highly efficient, combined-cycle generating station, the Otay Mesa facility will be fueled by natural gas and will include state-of-the-art emission control equipment and water conservation technology. In addition, in a first-of-its-kind program, the Otay Mesa Generating Project will utilize mobile emission reduction credits to offset emissions. A large portion of the mobile credits will be created through the conversion of refuse-hauling vehicles in San Diego to natural gas fuel.

Power from the Otay Mesa plant will be sold into the California wholesale market. As part of the agreement to sell the project to Calpine, the PG&E National Energy Group will enter into a 10-year tolling arrangement under which it will contract for up to 250 megawatts. Calpine will market the balance of the output through its energy services group.

In addition to the capacity it will receive from the Otay Mesa Plant, the PG&E National Energy Group is constructing a 1,000-megawatt LaPaloma plant near Bakersfield, Calif., which is expected to be fully operational by mid-2002. Additionally, the PG&E National Energy Group is in the process of acquiring 66 megawatts of wind generation near Palm Springs, and it is also developing with Sempra International the proposed North Baja Pipeline, which will provide a potential new source of natural gas for Southern California and Northern Mexico.

In total throughout the West, the PG&E National Energy Group has more than 4,000 megawatts of new generation in construction or advanced development.

Building upon its existing 2,425-megawatt natural gas and geothermal operating portfolio, Calpine has launched the largest power generating initiative in the state with 1,950 megawatts of energy centers under construction in and around California, and has announced the development of an additional 3,850 megawatts of generation.

By the end of 2005, Calpine plans to build more than 12,000 megawatts of generation dedicated to restoring the stability of California`s energy markets. Calpine`s total North American portfolio will exceed 70,000 megawatts by the end of 2005. The company recently announced the acquisition of a 1,200-megawatt natural gas-fired plant in the United Kingdom.

Calpine Corporation, based in San Jose, Calif., is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America.

To date, the company has approximately 34,000 megawatts of base load capacity and 7,200 megawatts of peaking capacity in operation, under construction, pending acquisition and in announced development in 29 states, the United Kingdom and Canada. The company was founded in 1984 and is publicly traded on the New York Stock Exchange under the symbol CPN.

Headquartered in Bethesda, Md., PG&E National Energy Group develops, owns and operates electric generating and gas pipeline facilities and provides energy trading, marketing and risk-management services.

More information about each company can be found at their respective websites at www.calpine.com or www.pgecorp.com.

This news release contains forward looking statements regarding the plans and objectives of PG&E National Energy Group with respect to the Otay Mesa generating plant and the development of its Western generation resource portfolio, among other matters. These statements are subject to a number of risks and uncertainties. Actual results could differ materially from those expressed or implied in any forward-looking statements.

Some of the key factors that could cause actual results to differ materially include, but are not limited to; (i) changes in government regulations, including federal and state regulation of the electric energy industry, particularly in California where it remains uncertain what measures will be adopted by state and federal regulators to address the current California energy crisis and what the effect of such measures would be on PG&E National Energy Group`s plans and operations; (ii) commercial operations of new plants that may be delayed, interrupted or prevented because of various development, construction and operation risks, such as a failure to obtain financing, necessary permits or equipment, the failure of third-party contractors to perform their contractual obligations, and the failure of equipment to perform as anticipated; iii) development and operation of competing power plants; (iv) fluctuations in natural gas and electricity prices and the ability to successfully manage such price fluctuations; (v) the risks associated with marketing and selling power from power plants in the newly competitive energy market; and, (vi) the other risks identified from time to time in PG&E Corporation`s reports filed with the Securities and Exchange Commission.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management.

Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations, including pending changes in California, and anticipated deregulation of the electric energy industry, (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations, (iii) cost estimates that are preliminary and which actual cost may be higher than estimated, (iv) the assurance that the Company will develop additional plants, (v) a competitor`s development of a lower-cost gas-fired power plant, (vi) receipt of regulatory approvals or (vii) the risks associated with marketing and selling power from power plants in the newly competitive energy market.

Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission.

EDITORS: Please do not use "Pacific Gas and Electric" or "PG&E" when referring to PG&E Corporation or its National Energy Group. The PG&E National Energy Group is not the same company as Pacific Gas and Electric Company, the utility, and is not regulated by the California Public Utilities Commission. Customers of Pacific Gas and Electric Company do not have to buy products or services from the National Energy Group in order to receive quality regulated services from Pacific Gas and Electric Company.

CONTACT: PG&E National Energy Group, Bethesda
Sandra McDonough, 503/833-4601
or
Calpine, San Jose
Kent Robertson, 925/600-2317


2)

Calpine Acquires Strategic Natural Gas Reserves

Company to Add 236 bcfe of Proven Gas Reserves to Fuel Power Portfolio

SAN JOSE, Calif., July 10 /PRNewswire/ -- Calpine Corporation (NYSE: CPN), the San Jose, Calif.-based independent power company, today announced it has acquired 236 billion cubic feet equivalent (bcfe) of proven, natural gas reserves as a result of two transactions for $355 million plus assumption of $49.5 million of debt.

The first transaction, which closed during the second quarter, involves the acquisition of significant assets of The Bayless Companies and its partners with reserves located in the western portion of the San Juan Basin in New Mexico. Currently 35 wells produce approximately 6 million cubic feet equivalent per day (mmcfe/d), 96 percent of which is natural gas.

"This transaction meets our desire to own and operate production in a strategic basin. These assets significantly strengthen our reserve base and will help fuel our growing Western power program," said Cathy Pierce, director of land and acquisitions.

The second transaction, which is expected to close August 15, 2001, involves the acquisition of a majority interest of Michael Petroleum of Houston, Texas. These reserves are located exclusively in South Texas. The assets include total proved reserves of 204 bcfe and currently produce 43 mmcfe/d. In addition, this transaction provides an inventory of high quality, low risk drilling locations within a 94,000 acreage position in close proximity to Calpine`s South Texas Magic Valley and Hidalgo Energy Centers. Together, these high-efficiency base load generators produce 1,190 megawatts of electricity for the Texas wholesale market.

"With these properties in place, Calpine is continuing to meet our goal of owning 25 percent of our natural gas requirements. By the end of 2005, we expect to generate over 70,000-megawatts of electricity. To meet our 25 percent reserve goal, Calpine anticipates increasing our equity reserves to 6.7 trillion cubic feet," said Charles Chambers, vice president of business development. "Calpine will continue to acquire and develop reserves in strategic natural gas basins in North America to ensure Calpine is the low-cost producer in the markets we serve."

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 34,000 megawatts of base load capacity and 7,200 megawatts of peaking capacity in operation, under construction, pending acquisition and in announced development in 29 states, the United Kingdom and Canada. 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, visit its Website at www.calpine.com.

The matters discussed in this news release may be considered "forward looking" statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties; actual results could differ materially from those indicated by such forward-looking statements. Among the important factors that could cause results to differ materially from those indicated by such forward-looking statements are: (i) that the information is of a preliminary nature and may be subject to further adjustments, (ii) changes in government regulation, (iii) general operating risks, (iv) the dependence on third parties, (v) the dependence on senior management, (vi) the successful exploitation of an oil or gas resource that ultimately depends upon the geology of the resource, the total amount and cost to develop recoverable reserves, and operational factors relating to the extraction of natural gas, (vii) estimates of reserves and production are based upon latest technology -- actual reserves and production may vary; and (viii) other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission

/CONTACT: Media Relations, Katherine Potter, ext. 1168, or Investor Relations, Rick Barraza, ext. 1125, both of Calpine Corporation, 408-995-5115/


3)

Carrizo Oil & Gas, Inc. Announces Sale of Interest in Michael Petroleum Corporation

HOUSTON, July 10 /PRNewswire/ -- Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today announced that it has agreed to sell its interest in Michael Petroleum Corporation ("MPC") pursuant to an agreement between MPC and its shareholders for the sale of a majority interest in MPC to Calpine Natural Gas Company ("CNGC"), a subsidiary of Calpine Corp. (NYSE: CPN). Carrizo obtained its interest in MPC as a finder`s fee in September 2000.

The Company expects to receive total cash proceeds of between $5.5 and $5.7 million, of which approximately $5.5 million is expected to be paid to the Company on August 15, 2001, resulting in a book gain of approximately $3.9 million being reflected in the third quarter 2001 financial results.

Carrizo Oil & Gas, Inc., is a Houston-based energy company engaged in the exploration, development, exploitation and production of oil and natural gas in proven onshore trends along the Texas and Louisiana Gulf Coast regions. Carrizo controls significant prospective acreage blocks and utilizes advanced 3-D seismic techniques to identify potential oil and gas reserves and drilling opportunities.

Statements in this news release, including but not limited to those relating to expected cash proceeds, expected cash gains, expected timing of receipt of payments or proceeds by the Company and other statements that are not historical facts are forward looking statements that are based on current expectations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward looking statements include the outcome and timing of the proposed sale of MPC to CNGC, the failure of the proposed sale to occur or occur as currently contemplated and other risks described in the Company`s most recent Form 10-K and other filings with the Securities and Exchange Commission.

Contact: Carrizo Oil & Gas, Inc.
B. Allen Connell, Director of Investor Relations

Ende der Mitteilungen
wolfgang2000
Frank A. Wojtek, Chief Financial Officer
[phone]


/CONTACT: B. Allen Connell, Director of Investor Relations, or Frank A. Wojtek, Chief Financial Officer, both of Carrizo Oil & Gas, Inc., 281-496-1352/

[wolfgang2000]

Wieder mehrere News zu Calpine:

1)

Calpine Announces Commercial Operation of Hog Bayou Energy Center In Mobile, Alabama

SAN JOSE, Calif., July 11 /PRNewswire/ -- Calpine Corporation (NYSE: CPN), the national independent power producer, announced that it has placed its Hog Bayou Energy Center in full commercial operation after successfully completing final startup and testing procedures. The 245-megawatt generating facility, located in Mobile, Ala., is Calpine`s first combined-cycle merchant power facility to become operational in the fast-growing southeast electric power market. Calpine owns a 67 percent interest in the facility, with InterGen holding the remaining 33 percent interest.

"We are very enthusiastic about having our Hog Bayou facility in operation in time to help meet peak summertime needs throughout Alabama and the southeast," said Bob Alff, Calpine senior vice President and head of its Eastern Region portfolio. "Hog Bayou represents our first commercial asset in what will quickly become a strong and geographically diverse fleet of power generating facilities throughout this important electric power market."

In addition to Hog Bayou, Calpine has three other combined-cycle generating projects under construction in Alabama. These include the 794-megawatt Decatur Energy Center and the 790-megawatt Morgan Energy Center (both located in Decatur) and the 770-megawatt Hillabee Energy Center in Tallapoosa County. Calpine has announced more than 3,000 megawatts of additional generation to be located throughout the southeast.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 34,000 megawatts of base load capacity and 7,200 megawatts of peaking capacity in operation, under construction, pending acquisitions and in announced development in 29 states, the United Kingdom and Canada. 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, visit its Website at www.calpine.com.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations and anticipated deregulation of the electric energy industry; (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations, (iii) cost estimates are preliminary and actual cost may be higher than estimated, (iv) the assurance that the Company will develop additional plants, (v) a competitor`s development of a lower-cost generating gas-fired power plant or (vi) the risks associated with marketing and selling power from power plants in the newly competitive energy market. Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission.

/CONTACT: Media Relations, John Flumerfelt, 207-671-1621, or Investor Relations, Rick Barraza, 408-995-5115, ext. 1125, both for Calpine Corporation/




2)

Russell City Energy Center Application for Certification Deemed Data Adequate By the California Energy Commission

PLEASANTON, Calif., July 11 /PRNewswire/ -- San Jose-based Calpine Corporation (NYSE: CPN) and San Francisco-based Bechtel Enterprises Holdings, Inc. today announced that the Application for Certification (AFC) for their joint development project, the Russell City Energy Center, has met the California Energy Commission`s (CEC) data adequacy requirements. The project was also approved for expedited review-making the Russell City Energy Center the first combined-cycle California energy project to meet the CEC`s stringent qualifications for a six-month review.

"We are pleased that the extensive engineering, technical and environmental studies we have conducted over the last six or seven months meet the criteria to allow the review process to begin," said Jim Leahy, development manager of the Russell City Energy Center. "Our goal is to bring this project to fruition safely and quickly, so that we can make a contribution to solving the state`s energy crisis."

The proposed Russell City Energy Center will be a 600-megawatt, natural gas-fired, combined-cycle electric generating facility. The site is adjacent to the city of Hayward`s wastewater treatment plant, which would supply recycled water to the facility. The Russell City Energy Center will provide enough electricity for approximately 600,000 homes and will serve Hayward, western Alameda County and the San Francisco Peninsula.

The modern technology used at the facility will allow for a greater than 90 percent reduction of emissions. The facility is 40 percent more fuel- efficient than older natural gas-fueled facilities in the Bay Area.

As the lead reviewing agency, the CEC will work with state and local environmental and regulatory agencies and hold public meetings where they will review all facets of the project. The six-month review process will meet the same stringent environmental and technical standards as the longer CEC review period. Based upon the successful licensing of the project, construction could begin in summer of 2002, with commercial operation by summer of 2004.

"We are looking forward to working over the next six months with the CEC, the City of Hayward, local residents and other stakeholders to ensure that the Russell City Energy Center meets all state, local and federal environmental and safety standards," Leahy added. "And we intend to ensure that everyone`s voice gets heard during this public review period."

Copies of the AFC filing are available through the CEC and at local libraries. In addition, summaries of the study are posted on the Russell City Energy Center website (www.russellcityenergycenter.com). To receive additional information on the CEC process, visit their website at www.energy.ca.gov. For more information on the Russell City Energy Center, please call 510-704-8475.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 34,000 megawatts of base load capacity and 7,200 megawatts of peaking capacity in operation, under construction, pending acquisition and in announced development in 29 states, the United Kingdom and Canada. 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, visit its Website at www.calpine.com.

Bechtel Enterprises Holdings, Inc. is the development, financing and ownership affiliate of the Bechtel organization, a global engineering and construction firm. Bechtel has been at the center of energy development since the 1940`s, having built more than 450 power stations with a total generating capacity exceeding 275,000 megawatts. Through its power development affiliate, InterGen, and its own portfolio, Bechtel Enterprises has more than 29,800 megawatts of energy capacity in operations, under construction, or in advanced development around the world. For more information about Bechtel, visit its website at www.bechtel.com.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations, including pending changes in California, and anticipated deregulation of the electric energy industry, (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations, (iii) cost estimates are preliminary and actual cost may be higher than estimated, (iv) the assurance that the Company will develop additional plants, (v) a competitor`s development of a lower-cost gas-fired power plant, (vi) receipt of regulatory approvals or (vii) the risks associated with marketing and selling power from power plants in the newly competitive energy market. Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission

/CONTACT: Jim Leahy of Russell City Energy Center, 925-600-2000, or Rick Barraza of Calpine Investor Relations, 408-995-5115, ext. 1125/
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3)

Calpine to Develop Los Esteros Critical Energy Facility

c*Power Program to Provide Electricity to the California Department of Water
Resources in Advance of Critical Energy Supply Agreement With U.S. Data Port

SAN JOSE, Calif., July 11 /PRNewswire/ -- Calpine Corporation (NYSE: CPN), one of the nation`s leading independent power producers, today announced plans for the 180-megawatt Los Esteros Critical Energy Facility. Located in San Jose, California, Calpine`s c*Power program will supply U.S. Data Port`s planned San Jose Internet Campus with highly reliable critical power and ancillary services. c*Power`s critical energy supply will allow U.S. Data Port to offer the type of energy infrastructure necessary for tomorrow`s data management needs with environmentally preferred technology.

Calpine has agreed to accelerate construction of the $250 million energy facility and enter into a near-term power contract with the California Department of Water Resources (DWR). Under the agreement, Calpine will provide 180 megawatts of peaking capacity and energy to the State beginning the summer of 2002 and continuing through April 30, 2005.

"Building this energy center in advance of the Internet Campus represents a unique opportunity to meet some of California`s urgent need for additional electricity while conserving cost," stated Rohn Crabtree, senior vice president -- business development. "Calpine`s new, efficient Los Esteros Critical Energy Facility provides an environmentally responsible energy package to meet the demands of the Internet Campus and our surrounding community."

Preliminary designs for the Internet Campus called for the installation of 98 diesel back-up generators to ensure power reliability for customers. However, feedback from the City Council and the community indicated a desire for a cleaner, more efficient facility and concerns over the burden it could place on the local power grid. Calpine, meanwhile, offered an environmentally preferable alternative: the installation of four 45-megawatt low emission natural gas turbines.

As a result, Calpine`s use of gas turbines will dramatically reduce emissions and improve the facility`s fuel efficiency over the proposed diesel engines. Moreover, the highly reliable generation will alleviate the additional strain on the region`s power grid associated with the Campus.

Once fully constructed, U.S. Data Port`s Internet Campus will house 10 to 20 data center buildings, ranging from 50,000 to over 250,000 square feet. The campus will address the most pressing issues of Internet Data Service Providers -- rapid time-to-market, critically reliable energy and cooling systems, broadband optical fiber connectivity and security. A fiber optic network will inter-connect the data center buildings, which will be set inside a highly secure perimeter.

The Los Esteros Critical Energy Facility, to be owned and operated by Calpine, will meet all of U.S. Data Port`s power needs and provide chilled water to cool computer hardware. In addition to a critically reliable power product, Calpine`s c*Power program frees revenue space for U.S. Data Port`s Internet hosting operations and offers ancillary services that are traditionally associated with infrastructure costs.

U.S Data Port, headquartered in San Jose, Calif., designs, builds and operates large-scale, reliable and secure Internet Campuses. As a result, U.S. Data Port`s customers achieve enhanced networking capabilities and compelling financial and time-to-market advantages.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 34,180 megawatts of base load capacity and 7,200 megawatts of peaking capacity in operation, under construction, pending acquisition and in announced development in 29 states, the UK and Canada. 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, visit its Website at www.calpine.com.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations, including pending changes in California, and anticipated deregulation of the electric energy industry, (ii) commercial operation of new plants or the internet campus that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations, (iii) cost estimates are preliminary and actual cost may be higher than estimated, (iv) the assurance that the Company will develop additional plants, (v) a competitor`s development of a lower-cost generating gas-fired power plant, and (vi) the risks associated with marketing and selling power from power plants in the newly competitive energy market. Prospective investors are also cautioned that the California energy environment remains uncertain. The Company`s management is working closely with a number of parties to resolve the current uncertainty, while protecting the Company`s interests. Management believes that a final resolution will not have a material adverse impact on the Company. Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission

/CONTACT: media, Kent Robertson, 408-621-1447, or investors, Rick Barraza, 408-995-5115, ext. 1125, both of Calpine Corporation/


Ende der Mitteilungen
wolfgang2000

[MrGruendlich]

Aries Power Project Available to Dispatch 320 MW of PowerCalpine/Aquila Joint Venture Powers Missouri


PLEASANT HILL, Mo., Jul 16, 2001 /PRNewswire via COMTEX/ -- Calpine Corporation
(NYSE: CPN), the San Jose, Calif.-based independent power company, and Kansas
City-based Aquila, Inc. (NYSE: ILA), the energy services subsidiary of UtiliCorp
United, announced the Aries Power Project has entered simple-cycle operations.

Located near Pleasant Hill, Mo., Aries is a new, highly efficient natural
gas-fired power project intended to serve the growing demand for electricity in
the region. Initially, the facility will be able to respond to peak summer
demand by operating in a simple-cycle phase. The simple cycle configuration
utilizes two natural gas fueled combustion turbines and generates 320 megawatts
of electricity.

Beginning October 1, the project will temporarily cease operations to complete
the construction necessary to bring a steam turbine online in January 2002. Upon
completion, Aries will become a combined-cycle plant providing a total of 600 MW
of power to Missouri and the surrounding area.

Aries Power Project is a joint venture between Calpine Corporation and Aquila,
Inc. Calpine is responsible for operations and maintenance, and Aquila is
responsible for commercial optimization and power sales.

Throughout simple-cycle operation, all of the electrical output of the Aries
Power Project will be sold under contract to Missouri Public Service, providing
reliability to its customer base and meeting the increasing power demands of the
area. Missouri Public Service is also owned by UtiliCorp United. Once the
project is converted to combined-cycle in 2002, additional energy will be sold
into the Southwest Power Pool (SPP) wholesale power market.

"As a result of this collaborative effort, the Aries Power Project will provide
clean, reliable power for years to come," commented Bob Bingham, Calpine`s plant
manager. "The geographic location of this new facility enables us to meet the
increasing power demands of Missouri and the SPP with the most innovative and
reliable technology available."

"From concept to the first day of operation we knew this project was a winner,"
stated Brad Nordholm, senior vice president and general manager of Aquila`s
Capacity Services. "This is a combined effort that will benefit many people in
the years ahead."

Aquila, Inc. is a provider of risk management services and a wholesaler of
electricity and natural gas in North America. It also provides wholesale energy
services in the U.K. and has a presence in Bermuda, Scandinavia and Germany.
Aquila is 80 percent owned by UtiliCorp United, an international energy company
with more than 4 million customers across the U.S. and in Canada, Great Britain,
New Zealand and Australia.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing
customers with reliable and competitively priced electricity. Calpine is focused
on clean, efficient, natural gas-fired generation and is the world`s largest
producer of renewable geothermal energy. Calpine has launched the largest power
development program in North America. To date, the company has approximately
34,000 megawatts of base load capacity and 7,380 megawatts of peaking capacity
in operation, under construction, pending acquisition and in announced
development in 29 states, the UK and Canada. 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, visit its Website at www.calpine.com.

This news release discusses certain matters that may be considered
"forward-looking" statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended, including statements regarding the intent, belief or current
expectations of Calpine Corporation ("the Company") and its management.
Prospective investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve a number of risks and
uncertainties that could materially affect actual results such as, but not
limited to, (i) changes in government regulations, including pending changes in
California, and anticipated deregulation of the electric energy industry, (ii)
commercial operations of new plants that may be delayed or prevented because of
various development and construction risks, such as a failure to obtain
financing and the necessary permits to operate or the failure of third-party
contractors to perform their contractual obligations, (iii) cost estimates are
preliminary and actual cost may be higher than estimated, (iv) the assurance
that the Company will develop additional plants, (v) a competitor`s development
of a lower-cost generating gas-fired power plant, and (vi) the risks associated
with marketing and selling power from power plants in the newly competitive
energy market. Prospective investors are also referred to the other risks
identified from time to time in the Company`s reports and registration
statements filed with the Securities and Exchange Commission.





*************************************************************





Michael Polsky to Launch New Energy VentureFormer Calpine Officer to Pursue New Energy Sector Opportunities


SAN JOSE, Calif., Jul 16, 2001 /PRNewswire via COMTEX/ -- Calpine Corporation
(NYSE: CPN), the San Jose, Calif.-based independent power company, announced
Michael Polsky is leaving Calpine and has resigned from its Board of Directors
to begin a new energy venture, focused on developing evolving energy sector
opportunities. Polsky joined Calpine in October 2000, when the company acquired
Northbrook-Ill.-based SkyGen Energy LLC.

"We wish Michael well in his new energy venture and are considering investing in
this opportunity," stated Calpine CEO and President Pete Cartwright. "Michael is
a true entrepreneur and has made an outstanding contribution to Calpine in
helping build our North American power fleet."

According to Polsky, the new venture, which has yet to be named, will pursue
energy sector opportunities arising from changing supply, consumption and
regulatory patterns in North America. Its objective is to match investment
capital with its active development and asset management capabilities.

Polsky stated, "My relationship with Calpine has been tremendous. They are the
leading independent power company in North America. I view this new venture as a
natural evolution from my relationship with Calpine and look forward to working
together again in the future."

As a result of its SkyGen acquisition, Calpine added nearly 8,000 megawatts of
strategic natural gas-fired base load and peaking generation in operation, under
construction and in announced development. Calpine expects to announce
additional SkyGen projects in the near future. John King, Calpine senior vice
president, will lead Calpine`s Northbrook-Ill. power operations, including
managing its 45-member staff of energy professionals.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing
customers with reliable and competitively priced electricity. Calpine is focused
on clean, efficient, natural gas-fired generation and is the world`s largest
producer of renewable geothermal energy. Calpine has launched the largest power
development program in North America. To date, the company has approximately
34,000 megawatts of base load capacity and 7,400 megawatts of peaking capacity
in operation, under construction, pending acquisition and in announced
development in 29 states, the UK and Canada. 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, visit its Website at www.calpine.com.

This news release discusses certain matters that may be considered
"forward-looking" statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended, including statements regarding the intent, belief or current
expectations of Calpine Corporation ("the Company") and its management.
Prospective investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve a number of risks and
uncertainties that could materially affect actual results such as, but not
limited to, (i) changes in government regulations, including pending changes in
California, and anticipated deregulation of the electric energy industry, (ii)
commercial operations of new plants that may be delayed or prevented because of
various development and construction risks, such as a failure to obtain
financing and the necessary permits to operate or the failure of third-party
contractors to perform their contractual obligations, (iii) cost estimates are
preliminary and actual cost may be higher than estimated, (iv) the assurance
that the Company will develop additional plants, (v) a competitor`s development
of a lower-cost generating gas-fired power plant, and (vi) the risks associated
with marketing and selling power from power plants in the newly competitive
energy market. Prospective investors are also referred to the other risks
identified from time to time in the Company`s reports and registration
statements filed with the Securities and Exchange Commission.





MfG MrGruendlich

[wolfgang2000]

@MrGruendlich

Danke fürs Posting. Hab mir übrigens auch ein paar Aquila ins Depot gelegt. Ist erst vor kurzem an die Börse gegangen und noch deutlich günstiger als Calpine zu haben mit ähnlichen Wachstumsschancen....

wolfgang2000

[wolfgang2000]

wieder zwei gute Deals für Calpine:

Calpine Announces 900-MW Sherry Energy Center

New Project to Deliver 10-Year Supplies of Electricity to
Wisconsin Electric Power Company and Wisconsin Public Service Company

SAN JOSE, Calif., July 17 /PRNewswire/ -- Calpine Corporation (NYSE: CPN), the nation`s fastest growing independent power producer, announced plans to build a 900-megawatt electric generating facility called the Sherry Energy Center in Wood County, Wisc. Calpine has entered into agreements to supply 225 megawatts of electric capacity and energy from the plant to Wisconsin Electric Power Company (WEPCo) and 141 megawatts of electric capacity and energy to Wisconsin Public Service Corporation (WPSC). The Sherry Energy Center will be located adjacent to the existing Arpin substation on the important Arpin-Eau Claire transmission line.

Fueled by clean natural gas, the 900-megawatt Sherry Energy Center will include a 600- megawatt combined-cycle facility incorporating two combustion turbines and one steam turbine, and a 300-megawatt simple-cycle plant incorporating four combustion turbines. The facility will deliver power to Wisconsin`s grid at a time when the state is in great need of additional generating resources to meet its rapidly growing electric requirements. The Sherry Energy Center will be one of the most fuel-efficient facilities in the state, while having one of the lowest emissions rates.

The power sale agreement with WEPCo is for a term of ten years. Under the agreement, WEPCo will have dispatch rights for 225 megawatts produced by the combined-cycle plant and will manage the purchase and delivery of fuel used to generate power for its use. The power sale to WPSC is also for a term of ten years. Under the WPSC agreement, WPSC will have dispatch rights for two of the simple-cycle units, totaling 141 megawatts, and will manage the purchase and delivery of fuel used to generate power for its use. Calpine will sell the remaining output to other Wisconsin utilities and wholesale power purchasers.

John King, Calpine`s senior vice president, said, "We commend WEPCo and WPSC for making these commitments to secure a vital new source of clean, reliable and affordably priced electricity to help meet Wisconsin`s rapidly growing power demand. We are proud to be working with these two companies to help provide the power supplies that Wisconsin needs."

Construction of the $470 million Sherry Energy Center is expected to begin during the second quarter of 2002, with commercial operation of the simple-cycle units starting in the second quarter of 2003. The combined-cycle plant is expected to enter commercial operation in the second quarter of 2004. Calpine will manage the construction of the project, and will own and operate the facility as part of its new fleet of fuel-efficient power facilities throughout the United States.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient combined-cycle, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 34,600 megawatts of base load capacity and 8,000 megawatts of peaking capacity in operation, under construction, pending acquisitions and in announced development in 29 states, the United Kingdom and Canada. 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, visit its Website at www.calpine.com.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations and anticipated deregulation of the electric energy industry; (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations, (iii) cost estimates are preliminary and actual cost may be higher than estimated, (iv) the assurance that the Company will develop additional plants, (v) a competitor`s development of a lower-cost generating gas-fired power plant or (vi) the risks associated with marketing and selling power from power plants in the newly competitive energy market. Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission.

/CONTACT: media, Katherine Potter, 408-995-5115, ext. 1168, or investors, Rick Barraza, 408-995-5115, ext. 1125, both of Calpine Corporation/






Nr. 2:

Calpine Announces Sale of 1,000 Megawatts to Reliant Energy From ERCOT Portfolio

SAN JOSE, Calif., July 17 /PRNewswire/ -- Calpine Corporation (NYSE: CPN), one of the nation`s leading independent power producers (IPP) and the largest IPP in Texas, today signed two agreements that provide 1,000 megawatts of power for five years to Reliant Energy Services, Inc., a unit of Reliant Resources, Inc.

These power agreements provide the flexibility and reliability Reliant demands to meet their customers` energy needs. Calpine will serve Reliant`s load from its Electric Reliability Council of Texas (ERCOT) system of modern, natural gas-fired power plants totaling approximately 2,700 megawatts of capacity. Calpine`s unique systems approach to generation allows it to serve its customers from a variety of generation sources to best match its customers` energy profiles.

"As a result of deregulation, consumers will benefit from reliable wholesale service generated from clean and efficient, natural-gas fired power plants," said Carey Jordan, vice president of power marketing for Calpine`s Central Region. "These transactions simulate Reliant owning a state-of-the-art 1,000 megawatt power plant -- a product that is referred to by Calpine as a `virtual unit.` This product enhances reliability, improves operational flexibility and eliminates maintenance responsibilities for Reliant."

The contracts will begin with the official start date of deregulation in ERCOT, which is expected to be January 1, 2002.

Calpine offers similar types of products to other customers in the ERCOT market. The Calpine portfolio permits creative product structures and the ability to be the low-cost solution provider to that market. Through its unique systems approach, Calpine can dispatch or cycle-down electricity from a variety of energy centers as necessary to ensure the most efficient operations. Therefore, Calpine can provide reliable energy to Reliant at the most competitive prices. About Reliant Energy Services

Reliant Energy Services, based in Houston, Texas, is the energy trading and marketing arm of Reliant Resources (NYSE: RRI), which is a majority-owned subsidiary of Reliant Energy (NYSE: REI). Reliant Resources provides electricity and energy services to wholesale and retail customers in the U.S. and Europe. The company has approximately 18,000 megawatts of power generation capacity in operation, under construction or under contract in the U.S. Reliant Resources is one of only five companies to rank among both the ten largest power marketers and the ten largest natural gas marketers in North America. It also has wholesale trading and marketing operations and more than 3,400 megawatts of power generation in operation in Western Europe. At the retail level, Reliant Resources provides energy, Internet, data and telecommunications services. The company will serve approximately 1.7 million customers in Texas when the electricity market opens to full retail competition in January 2002. About Calpine

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 34,000 megawatts of base load capacity and 7,700 megawatts of peaking capacity in operation, under construction and in announced development in 29 states, the United Kingdom and Canada. 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, visit its Web site at www.calpine.com. This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations and anticipated deregulation of the electric energy industry; (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations (iii) the assurance that the Company will develop additional plants, (iv) a competitor`s development of a lower-cost generating gas-fired power plant or (v) the risks associated with marketing and selling power from power plants in the newly competitive energy market. Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission.

/CONTACT: media, Katherine Potter of Calpine, [phone], ext. 1168; or Richard Wheatley of Reliant, [phone]; or investors, Rick Barraza of Calpine, [phone], ext. 1125/

Ende der Mitteilungen
wolfgang2000

[MrGruendlich]

Wisconsin Power Plant to Boost Economy, Say Officials


Jul 18, 2001 (Milwaukee Journal Sentinel - Knight Ridder/Tribune Business News
via COMTEX) -- A $470 million gas-fueled electric power plant planned for
central Wisconsin would be a boon to the area`s economy at a time when the
largest employers are laying low, a local development official says.

"We`re very happy about that," Kathy Venturelli, director of the River Cities
Development Corp., in Wisconsin Rapids, said of a 900-megawatt plant proposed by
Calpine Corp. for the Wood County town of Sherry.

"We have lost a lot of our construction employment because normally the paper
industries generate a huge amount of construction spending," Venturelli said.
But with papermakers cutting costs to weather depressed markets, construction
has been down the past couple of years.

Dennis Goodwin, a state labor market analyst for the area, estimates that a
project such as Calpine`s would entail hundreds of jobs for a couple of years
for entry-level and skilled trades workers.

Calpine, an independent power producer, officially announced plans for the
project Tuesday, although developments of the plan had been reported previously.
Pending site approval from the state`s Public Service Commission, Calpine
expects to begin construction on the generator next summer.

Two utilities -- Wisconsin Electric Power Co. and Wisconsin Public Service Corp.
-- have 10-year contracts to buy power from Calpine`s Sherry Energy Center.
Wisconsin Electric, part of Wisconsin Energy Corp., Milwaukee, would take up to
225 megawatts beginning in 2004. Green Bay`s WPS would get up to 141 megawatts
as early as 2003.

Both utilities plan to use the electricity to back up their other sources in
times of extraordinarily high use or in emergencies when other supplies might be
low. Calpine could sell the balance on the wholesale market.

Wisconsin Energy is buying from Calpine despite that company`s opposition --
with other independents -- to Wisconsin Energy`s $7 billion plan for five new
power plants. The independents have criticized the utility`s proposal as being
anti-competitive. Wisconsin Energy has contended that there`s enough market for
both the established utilities and the independents, which face fewer
regulations.


MfG MrGruendlich

[wolfgang2000]

Shell and Calpine Sign Exclusive Energy Agreement

Calpine to Supply Power to Shell Energy to Serve Texas Homes and Businesses

SAN JOSE, Calif., July 18 /PRNewswire/ -- Shell Energy Services Company L.L.C., a wholly-owned subsidiary of Shell Oil Company, and Calpine Corporation (NYSE: CPN), the nation`s leading independent power producer, announced today they have signed an exclusive energy agreement. Calpine will be the exclusive provider of up to 3,000 megawatts of electricity to Shell Energy, a retail electricity provider participating in the Texas Electric Choice pilot program in the Electric Reliability Council of Texas (ERCOT). With the recent announcement of other long-term contracts, Calpine has sold approximately 85 percent of its ERCOT output for the next few years. Calpine is the largest independent power producer in Texas, with approximately 2,700 megawatts of high-efficiency natural gas-fired generation in operation.

Rob Foss, Shell Energy vice president of supply said, "This agreement allows us to serve all of the Texas residents and business owners within ERCOT that choose Shell Energy as their electricity provider. Our relationship with Calpine means we can provide significant value to our customers."

"The consumer is the big winner in this deal," said Calpine Vice President of Marketing Carey Jordan. "Calpine produces clean, reliable power using modern technology that is 40 percent more efficient than older power plants in Texas. In addition to getting reliable service, consumers benefit from cleaner air too."

The contract begins January 1, 2002 -- the official start of the competitive electricity market in Texas. The 5-year agreement is a full requirements contract in which Calpine will provide capacity, energy and ancillary services to Shell for the ERCOT market. Calpine will also provide services to Shell Energy during the retail pilot program from now through the end of the year.

Calpine`s systems approach allows operations data from all its plants in the ERCOT market to be viewed real-time. This means that plants can be dispatched or cycled-down as necessary for the most efficient operations. Therefore, Calpine can provide reliable energy to Shell Energy at the most competitive prices.

Shell Energy is the third largest natural gas marketer in Georgia, and is a leading marketer of both gas and power to customers in Ohio, and is now enrolling customers in the Texas Electric Choice pilot program.

"We are confident consumers who choose Shell will feel good about our ability to serve their needs," added Foss. "We look forward to working with Calpine, and we are excited about our future role in the Texas electricity market." About Shell Energy

Shell Energy believes that choice and competition are the winning characteristics of the retail energy industry in the future. Customers are gaining the right to choose, and Shell is committed to providing customers with outstanding service and savings. Shell`s energy business experience positions the company to be a responsible, reliable supplier and are confident that customers who make the switch to Shell will be well served. Shell Energy is a Houston-based Shell Oil Company. For more information about Shell Energy, visit www.shellenergy.com. About Calpine

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 34,600 megawatts of base load capacity and 8,000 megawatts of peaking capacity in operation, under construction, pending acquisition and in announced development in 29 states, the United Kingdom and Canada. 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, visit its Website at www.calpine.com.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations and anticipated deregulation of the electric energy industry; (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations (iii) the assurance that the Company will develop additional plants, (iv) a competitor`s development of a lower-cost generating gas-fired power plant or (v) the risks associated with marketing and selling power from power plants in the newly competitive energy market. Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission.

/CONTACT: Public Relations, Patty Credeur of Shell Energy, 713-241-3726, or Shell Oil Media Relations, 713-241-4544 (media line); or Public Relations, Katherine Potter, ext. 1168, or Investor Relations, Rick Barraza, ext. 1125, both of Calpine Corporation, 408-995-5115/

Ende der Mitteilung
wolfgang2000

[wolfgang2000]

DER AKTIONÄR

Calpine Kursziel 57 US-Dollar Datum: 17.07.2001


Die Wertpapieranalysten vom Anlegermagazin "Der Aktionär" empfehlen die Aktie der Calpine Corporation (WKN 902918) zum Kauf. Das Unternehmen baue mit großen Energiekonzernen Kraftwerke auf deren Betriebsgelände oder verkaufe eigenen Strom an lokale Energieversorger. Calpine sei außerdem einer der wichtigsten Anbieter von geothermisch erzeugter Energie und engagiere sich auch im Bereich der sogenannten Gas-Kombi-Kraftwerke. Durch den systematischen Erwerb von Kraftwerken und Gaslagerstätten baue Calpine seine Position im amerikanischen Energiemarkt stetig aus. Im ersten Quartal des laufenden Geschäftsjahres habe der Konzern einen Gewinn von 31 US-Cent erwirtschaftet. Für das Gesamtjahr erwarte das Researchteam einen Gewinn in Höhe von 2 US-Dollar. Der Umsatz in 2001 werde bei voraussichtlich 5,8 Milliarden US-Dollar liegen. Für das kommende Jahr werde ein Umsatz in Höhe von 6,6 Milliarden US-Dollar sowie ein Gewinn von 2,6 US-Dollar je Aktie erwartet. Den kurzfristigen Abwärtstrend habe die Aktie in den vergangenen Tagen unter hohen Umsätzen verlassen. Das Anlegermagazin erwarte in den kommenden Tagen eine Seitwärtsbewegung, die zum Einstieg genutzt werden sollte. Interessierte Anleger sollten ein Abstauberlimit zwischen 41 und 43 US-Dollar im Markt platzieren. Das kurzfristige Kurzsiel beziffere das Researchteam mit 57 US-Dollar.


Ende der Mitteilung
wolfgang2000

[wolfgang2000]

und noch eine etwas ältere Empfehlung:

MERRILL LYNCH

Calpine Corporation "buy" Datum: 06.07.2001


Die Analysten der Investmentbank Merrill Lynch empfehlen die Aktie des Kraftwerkbetreibers Calpine Corporation (WKN 902918) nach wie vor zum Kauf. Calpine habe nach Aussagen der Aktienexperten von Merrill Lynch seine internationale Strategie vorgelegt und mit dem Kauf des Saltend Werkes in England die erste Übernahme vermeldet. Diese sei 12 bis 18 Monate früher als erwartet erfolgt. Langfristig sei eine funktionierende internationale Strategie und ein gutes Portfolio an Besitz von unschätzbarer Bedeutung, um ein stabiles überdurchschnittliches Gewinnwachstum pro Aktie zu gewährleisten. In diesem Zusammenhang, solle CPN möglichst bald in Schwung kommen. Die internationale Strategie erscheine fundiert und umfasse etablierte Märkte im Vereinigten Königreich, Spanien und Italien mit geringen politischen Risiken, wenig Wechselkursschwankungen und deregulierten Energiesektoren. Der Schwerpunkt liege, wie in den USA, bei günstiger Energieerzeugung mit Gaskraftwerken. Das Werk in Saltend entspreche diesen Charakteristika. Die gemischten Kommentare der Börsenexperten basierten auf dem gezahlten Kaufpreis, der recht hoch erscheine, und der Verpflichtung, schnell eine Marketing- und Sicherungsstrategie umzusetzen. Der Kursanstieg erscheine moderat und sei zum Teil auf die positive Finanzierungsstruktur zurückzuführen. Die Geschwindigkeit der internationalen Aktivitäten und die für die Aufkäufe gezahlten Preise müssten mittelfristig genau beobachtet werden. Man rate weiterhin zum Kauf der Aktie. Der Nachrichtenstrom werde nach Ansicht der Aktienexperten von Merrill Lynch in den nächsten Wochen positiv sein und mache eine Anhebung der Prognosen wahrscheinlich. Das 12-Monats-Kursziel liege bei 70 US-Dollar.

Quelle: aktiencheck.de AG

Ende der Mitteilung
wolfgang2000

[sparki]

hi,

zu denken sollte einem der doch recht niedrige gaspreis in den usa.

zudem ist der sommer leider nicht annähernd so heiß wie im letzten jahr. dadurch deutlich weniger energieverbrauch (klimaanlage)

bin mal gespannt welchen ausblick das management ende juli gibt.

würde cpn sicherheitshalber mit stopploss absichern.
im moment scheint man es den märkten sowieso nicht recht machen zu können.

gruß und weiterhin viel spaß mit cpn

sparki

[wolfgang2000]

News von gestern:

Calpine Announces 10-Year Sale of 100 mw to Exelon

SAN JOSE, Calif., Jul 19, 2001 /PRNewswire/ -- Calpine Corporation (NYSE: CPN), the nation`s leading independent power company, today announced the sale of 100 megawatts of power to Exelon Generation`s Power Team (NYSE: EXC) under the terms of a ten-year agreement. Sourced from Calpine`s Morris Power Plant just southwest of Chicago, Ill., this energy will help power area homes and businesses.
"This transaction offers additional reliability to Exelon and its customers," said Carey Jordan, vice president of marketing. "Our innovative products provide flexibility and price certainty to our customers -- both of which are desirable in today`s market."

The Calpine portfolio supports creative product structures that provide solutions to customers` diverse and sometimes complicated needs. The long-term agreement, which began in May 2001, is bringing much needed power to the fast-growing Chicago area.

"We are excited about the opportunity to work with Calpine on this power purchase agreement that will help us ensure reliable electricity supply to our customers in Illinois and the surrounding regions," said Ian McLean, president of Exelon`s Power Team.

About Exelon

Exelon Generation Company, LLC, is a subsidiary of Exelon Corporation, of Chicago, which was formed in October, 2000 by the merger of PECO Energy Company, of Philadelphia, and Unicom Corporation, of Chicago. Exelon Generation consists of three business units: Exelon Nuclear, which has 17 nuclear units in Illinois, Pennsylvania and New Jersey, with a net generation capacity of approximately 17,000 megawatts; Exelon Power, which manages, operates and maintains the company`s coal, natural gas, oil, landfill gas and hydro fleet of generation assets, consisting of 72 intermediate and peaking units in Pennsylvania and Maryland, producing some 4,800 megawatts of net generating capacity, and Exelon Power Team, Exelon`s wholesale marketing and energy-based financial trading operation, dealing on the company`s generation assets and a portfolio of long-term supply contracts and nationwide transmission rights, doing business in all of the contiguous 48 states and in Canada and Mexico. In 2000, Exelon Generation, headquartered in Kennett Square, Pa., had assets of $5.734 billion, pre-tax income of $474 million on revenues of $3.93 billion, and approximately 9,000 employees. Visit www.exeloncorp.com for more information.

About Calpine

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world`s largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. To date, the company has approximately 34,600 megawatts of base load capacity and 8,000 megawatts of peaking capacity in operation, under construction, and in announced development in 29 states, the United Kingdom and Canada. 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, visit its Website at www.calpine.com.

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) changes in government regulations and anticipated deregulation of the electric energy industry; (ii) commercial operations of new plants that may be delayed or prevented because of various development and construction risks, such as a failure to obtain financing and the necessary permits to operate or the failure of third-party contractors to perform their contractual obligations (iii) the assurance that the Company will develop additional plants, (iv) a competitor`s development of a lower-cost generating gas-fired power plant or (v) the risks associated with marketing and selling power from power plants in the newly competitive energy market. Prospective investors are also referred to the other risks identified from time to time in the Company`s reports and registration statements filed with the Securities and Exchange Commission.




SOURCE Calpine Corporation


CONTACT: media, Katherine Potter, ext. 1168, or investors, Rick Barraza,
ext. 1125, both of Calpine Corporation, [phone]; or media, Mary Rucci,
[phone], or investors, Caryl Sabine, [phone], both of Exelon
Generation Company, LLC


Ende der Mitteilung
wolfgang2000

[Art Bechstein]

Calpine bricht bei sehr hohen Umsätzen total ein wegen der Herabstufung eines Analystenhauses. Die Energie-Aktien in USA sind wirklich nix für schwache Nerven.

Ciao

Art

[Art Bechstein]

Na, das war ja mal was heute..Wollen wir mal hoffen, dass das kein Vorbote auf die Ergebnisbekanntgabe war. Bin mal gespannt, ob am Donnerstag die 31 Cent eps erreicht werden oder ob es auch hier eine böse Überraschung gibt. Die vielen (halb-)guten Meldungen dieser Tage deuten ja nicht gerade ein positives Ergebnis an - oder Zufall ?? Das eigentlich entscheidende Quartal dürfte aber Q3 sein...

Was meint Ihr - schaffen die die 31 Cent )) und wieviel Abschlag ist noch drin bei Verfehlung der Consensus-Schätzung ??

Ciao

Art

[sparki]

hi,

wie befürchtet. wegen dauerhaft niedriger gaspreise(unter 3$)downgrade von sssb.

zahlen werden sicherlich noch gut sein. der ausblick kann eigentlich nicht rosig sein.

das schlechte ergebnis von exxon wird sicherlich auich nicht hilfreich gewesen sein

[MrGruendlich]

@ Art Bechstein

Am Donnerstag kommen die Zahlen . Ist das richtig ?


MfG MrGruendlich

[wolfgang2000]

Ja, ist richtig! Ich denke auch dass die Zahlen gut sein werden.

wolfgang2000

[Art Bechstein]

@ wolfi

hoffst Du, meinst Du oder schätzt Du Calpine aufgrund fundamentaler Erkenntnisse positiv ein ??

Art

[sparki]

hi,

el paso energy (ähnliches tätigkeitsfeld wie cpn)
hat zumindest für das gerade abgelaufene quartal die erwartungen übertroffen. cpn wird es sicherlich auch schaffen.

aber der ausblick wird entscheidend sein.

gruß
sparki

[Art Bechstein]

Zack, nächstes Downgrade heute von Credit Lyonnais mit Kursziel 34 USD. Das klingt alles so ein bißchen nach Uneinigkeit unter den Analysten kurz vor der Veröffentlichung der Zahlen. Merril Lynch ist dagegen weiterhin überzeugt und rechnet mit bis zu 35 Cent eps am morgigen Tag und einer Anhebung der Jahresprognose...

Ciao

Art

[sparki]

hi,

sssb hat am dienstag auf outperform runtergestuft. kursziel
ist von 70$ auf 45$ gesenkt worden.

lt. irgendeiner vereinigung in den staaten sollen die gasvorräte einen niedrigen level erreicht haben.

gaspreise sind gestern deutlich gestiegen.

lassen wir uns überraschen, was die freaks aus den zahlen heute ableiten werden.


gruß
sparki

[MrGruendlich]

@ moin moin


Wann kommen genau die Zahlen ?? ( Uhrzeit )


MfG MrGruendlich

[Art Bechstein]

Ab 16:30 Uhr heute ist der Conference Call. Man kann den Live im Internet über die Homepage von Calpine miterleben.

Ciao

Art

[Art Bechstein]

Wow, eps Q2 bei 39 Cents, das liegt über 20% über den Konsens-Schätzungen der Analysten. Das hat wohl kaum einer erwartet...

Ciao

Art

[Art Bechstein]

ca. 2 USD eps für 2001 erwartet, das ist schon beachtlich und sollte die Kursentwicklung deutlich positiv beeinflussen. Ein KGV von 18 für das lfd. Jahr bei dem Wachstum ist schon eine deutliche Unterbewertung...

Ciao

Art

[Art Bechstein]

erste Brieftaxen liegen bei ca. 39 USD = 44,3 Euro. Geht ja gut los...

[Ained]

Gibt es schon Q- Zahlen ?

[Malke]

Hallo @ all

Ist noch irgendeiner von euch in Calpine drin oder seit
ihr schon ausgestiegen?

Das Baron´s hat ja gestern nicht gerade für steigende Kurse
bei Calpine gesorgt und der langjahrige Aufwärtstrend ist
letzte Woche auch nach unten durchbrochen worden. Alles in allem sind das keine guten Aussichten für Calpine, trotz guter Zahlen.

Was meint Ihr? Raus oder Abwarten!

Gruß Malke

[artventura]

ich habe heute eine kleine position wieder aufgebaut.
ich hoffe daß der wiederstand bei 30$ hält.

[southbound]

Hoffe mal lieber daß die 30$ kein Widerstand bleiben.
Ich werde langsam sketisch. Im Branchenvergeich ist CPN immer noch teuer. Bei RB habe ich das gesehen: CPN=CSCO

[Lonley]

Ich halte Calpine,keineswegs für teuer,eher ist das eine Zeit um zuwarten das Boden da ist und dann einzusteigen.
Ich habe mal bei Nasdaq.com unter cpn ale Zahlen ,News und auch(ja auch) Analystenschätzungen angeschaut und war dann wieder stolz auf meine Calpine Papiere.
Nein keine Sorge.Erst wir müssen dieses Marrkttal durchstehen dann kommt auch unsee Calpine wieder

Ciao Lonley

[southbound]

Thank you for requesting an analysis of Calpine Corp. from VectorVest. The ticker symbol for Calpine Corp. is CPN. CPN is traded on the New York Stock Exchange and options are available on this stock.

PRICE: CPN closed on 08/24/2001 at $32.48 per share.

VALUE: CPN has a Value of $69.81 per share. Value is the foundation of the VectorVest system. It is a measure of what a stock is currently worth. Value is based upon earnings, earnings growth rate, dividend payments, dividend growth rate, and financial performance. Current interest and inflation rates also play an important role in the computation of Value. When interest and/or inflation rates decrease, Value goes up. When interest rates and inflation increase, Value goes down. Sooner or later a stock`s Price and Value always converge.

RV (Relative Value): CPN has an RV of 1.67. On a scale of 0.00 to 2.00, an RV of 1.67 is excellent. RV reflects the long-term price appreciation potential of the stock compared to an alternative investment in AAA Corporate Bonds. Stocks with RV ratings above 1.00 have attractive upside potential. A stock will have an RV greater than 1.00 when its Value is greater than Price, and its Relative Safety (see below) and forecasted earnings growth rate are above average. In some cases, however, a stock`s RV will be above 1.00 even though its Value is well below Price. This happens when a stock has an exemplary record of financial performance and an above average earnings growth rate. In this case, the stock is currently selling at a premium, and the investor is banking on future earnings growth to drive the stock`s price higher. This information is very useful not only in knowing whether or not a stock has favorable price appreciation potential, but it also solves the riddle of whether to buy high growth, high P/E, or low growth, low P/E stocks. We believe that RV ratings above 1.00 are required to consistently achieve above average capital gains in the stock market.

RS (Relative Safety): CPN has an RS rating of 1.05. On a scale of 0.00 to 2.00, an RS of 1.05 is fair. VectorVest looks at safety from the viewpoint of an equity investor (one who is buying stock of a company) rather than that of a purchaser of debt (one who is lending money to the company). From this perspective, consistency of financial and operating performance, stock price appreciation history, and price volatility are the key factors used in the evaluation of Relative Safety (RS). Debt to equity ratio, capitalization, sales volume, business longevity and other factors are also considered, but to a lesser degree.
VectorVest favors steady, predictable performers. All stocks are rated on a scale of 0.00 to 2.00. A stock with an RS greater than 1.00 is safer and more predictable than the average of all stocks. A stock with an RS less than 1.00 is less predictable and riskier than the average stock.


RT (Relative Timing): CPN has an RT rating of 0.61. On a scale of 0.00 to 2.00, an RT of 0.61 is poor. RT is a fast, responsive, short-term price trend indicator. It analyzes the direction, magnitude, and dynamics of a stock`s price behavior over the last 13 weeks; then reflects and projects the short-term price performance of the stock. Once a stock`s Price has established a strong trend, it is expected to continue that trend for the short-term. If the trend dissipates, RT will gravitate towards 1.00. Should the price change dramatically, RT will notice the crucial turning point. When warranted, it will explode from a Price low and dive from a Price high.
All stocks are rated on a scale of 0.00 to 2.00. If RT is above 1.00,the stock`s Price is in an uptrend. Below 1.00, the stock`s Price is in a downtrend.


VST-Vector (VST): CPN has a VST-Vector rating of 1.14. On a scale of 0.00 to 2.00, an VST of 1.14 is good. VST-Vector solves the dilemma of balancing Value, Safety and Timing. Stocks with high RV values often have low RS values, or stocks with low RV and RS values have high RT`s. How can we find the stocks with the best combinations of Value, Safety, and Timing?
The classic vector formula (square root of the sum of the squares) handles this problem. It combines a set of forces into a single indicator for ranking every stock in the VectorVest database. Stocks with the highest VST-Vector have the best combinations of Value, Safety and Timing. These are the ones to own for above average capital application.


GRT (Growth Rate): CPN has a GRT of 39 % per year. This is excellent. GRT stands for forecasted Earnings Growth Rate in percent per year. GRT is updated each week for every stock. Watch GRT trends very carefully. If the GRT trend is up, the stock`s Price will likely rise. If the GRT trend is down, the stock`s Price will increase more slowly, cease to increase, or subsequently fall.

Recommendation (REC): CPN has a Sell recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks which are rising in price, and to avoid or sell risky, overvalued stocks which are falling in price.
VectorVest is tuned to give an "H" or "B" signal when a stock`s price is approximately 10% above a recent low, and an "S" signal when the stock`s price is approximately 10% below a recent high. High RV, RS stocks are favored toward receiving "B" REC`s, and sheltered from receiving "S" RECs.


STOP-PRICE: CPN has a Stop-Price of 34.33 per share. This is 1.85 or 5.7 % above its current closing Price. VectorVest analyzes over 7,400 stocks each day for Value, Safety and Timing, and calculates a Stop-Price for each stock. These Stop-Prices are based upon 13 week moving averages of closing prices, and are fine-tuned according to each stock`s fundamentals.
In the VectorVest system, a stock gets a "B" or an "H" recommendation if its price is above its Stop-Price, and an "S" recommendation if its price is below its Stop-Price.


DIV (Dividend): CPN does not pay a dividend. VectorVest focuses on annual, regular, cash dividends indicated by the most recent disbursement. Special distributions, one-time payments, stock dividends, etc., generally are not included in Dividend (DIV).

DY (Dividend Yield): CPN has a DY of 0 percent. This is below the current market average of 1.1 %. DY equals 100 x (DIV/PRICE), and is expressed as a percentage.

EY (Earnings Yield): CPN has an EY of 6.84%. This is above the current market average of 3.83%. EY equals 100 x (EARNINGS PER SHARE/PRICE), and is expressed as a percentage.

EPS (Earnings Per Share): CPN has an EPS of $2.22 per share. EPS stands for leading 12 months Earnings Per Share. VectorVest determines this forecast from a combination of recent earnings performance and traditional fiscal and/or calendar year earnings forecasts.

P/E (Price to Earnings Ratio): CPN has a P/E ratio of 14.63. This ratio is computed daily based upon Price and EPS. P/E = Price/EPS.

GPE (Growth to P/E Ratio): CPN has a GPE of 2.67. This ratio suggests that CPN is undervalued. Growth to P/E ratio is a popular measure of stock valuation which compares Earnings Growth Rate (GRT) to Price Earnings ratio (P/E). A stock is considered to be undervalued when GPE is greater than 1.00, and vice-versa. VectorVest believes that RV is a much better indicator of long-term value. The RV of 1.67 for CPN is excellent.

DS (Dividend Safety): CPN has a DS of 0. On a scale of 0 to 99, a DS of 0 is poor. DS is defined as the assurance that regular cash dividends will be declared and paid at current or at higher rates for the foreseeable future. Stocks with DS values above 50 on a scale of 0 to 99 are above average in safety.

RISK (Dividend Risk): CPN does not pay a dividend. All stocks in the VectorVest system that pay dividends are classified as having Low, Medium or High Dividend Risk (RISK). Stocks with DS values above 50 are above average in safety. These stocks are classified as having LOW or MEDIUM RISK. Stocks with DS values below 50 are below average in safety and are classified as having HIGH Risk.

DG (Dividend Growth): CPN has a DG of 0 percent per year. Dividend Growth is a subtle yet important indicator of a company`s historical financial performance and the board`s current outlook on the future use of funds.

YSG-VECTOR (Yield-Safety-Growth Vector): CPN has a YSG-Vector of 0. On a scale of 0.00 to 2.00, a YSG-Vector rating of 0 is very poor. VectorVest combines Dividend YIELD, SAFETY and GROWTH into a single parameter. YSG-Vector allows direct comparison of all dividend paying stocks. Stocks with the highest YSG-Vector values have the best combinations of Dividend Yield, Safety and Growth. These are the stocks to buy for above average current income and long-term growth.

VOL(100)s: CPN traded 3631400 shares on 08/24/2001.

AVG VOL(100)s: CPN has an Average Volume of 5228200. Average Volume is 50 day moving average of daily volume as computed by VectorVest.


% VOL: CPN had a Volume change of -30.5% from its 50 day moving average volume.

OPEN: CPN opened trading at $31.84 per share on 08/24/2001.

HIGH: CPN traded at a high of $32.50 per share on 08/24/2001.

LOW: CPN traded at a low of $31.65 per share on 08/24/2001.

CLOSE: CPN Closed trading at $32.48 per share on 08/24/2001.

% PRC: CPN showed a Price change of 2.3% from the prior day`s closing price.

INDUSTRY: CPN has been assigned to the Energy (Other Sources) Group. VectorVest classifies stocks into over 190 Industry Groups and 50 Business Sectors.

CPN has about average safety with well above average upside potential. It reflects a stock which is likely to give well above average, relatively consistent returns over the long term.

The basic strategy of VectorVest is to buy low risk, high reward stocks. We suggest that Prudent investors buy enough high Relative Value, high Relative Safety stocks to keep the overall RV and RS ratings of their portfolios above 1.00. As you do this, you`ll find that your risk will go down and your investment performance will improve. Not a bad combination. Thank you for your interest in VectorVest.


Stock Graph for Calpine Corp. Industry Group Graph for Energy (Other Sources)

[Porsche996]

@all
he was ist bloss mit Calpine los wird das Papier überhaupt noch bewegt=??
Bitte mal ein paar Meldungen seitens von euch..
Danke

[Porsche996]

US-Versorger Calpine verdoppelt Gewinn und verdreifacht Umsatz im 2. Quartal
SAN JOSE (dpa-AFX) - Der US-Stromkonzern Calpine Corp. CPN.NYS CJ3.FSE hat im abgelaufenen zweiten Quartal 2001 seinen Umsatz um 287% und seinen Gewinn um 122% gesteigert. Der Nettogewinn aus dem fortlaufenden Geschäft stieg auf 132,2 Mio. oder 0,39 Dollar nach 59,5 Mio. oder 20 Cent im Vorjahr, teilte das kalifornische Unternehmen am Donnerstag in San Jose mit. Calpine ist einer der größten unabhängigen Versorger Nord-Amerika und nach eigenen Angaben der weltgrößte Anbieter von Strom aus Geothermie. Der Umsatz kletterte im Berichtzeitraum von 417,2 Mio. auf 1,613 Mrd. Dollar.

Calpine, die im S&P 500 INX.IND gelistet sind, übertraf die Erwartungen der Wall Street beim Gewinn je Aktie um 8 Cent. Die 14 von First Call/Thomson Financial befragten Analysten hatten ein Ergebnis von 18 bis 35 Cent prognostiziert, der Durchschnittswert lag bei 32 Cent.

Für das Gesamtjahr erwartet Calpine einen Gewinn je Aktie von 2 Dollar je Aktie. Die bisherige Konsensusschätzung der Wall Street liegt bei 1,92 Dollar, bei einer Bandbreite von 1,80 bis 2,04 Dollar./rh/ms


Also was ist hat einer überhaupt noch von den dingern=????????

[cultom4president]

@Porsche

Sorry, aber das sind echt steinalte News.
Calpine gibt bereits am 25.10 neue Zahlen heraus.
Laut justwhispers sollten sich diese bei USD 0,92 belaufen.
Calpine wurde in den letzten Wochen von Moodys und weiteren Ratingagenturen nach oben gestuft. Dies erhöhte die Kreditwürdigkeit dieses Unternehmen und brachte es sehr positiv in die Schlagzeilen.
Ich denke das sich die Kurserholung bis zu 35USD fortsetzen kann.
Die neuen Zahlen werden Calpine den nötigen Schwung gehen und die erstklassige Arbeit dieses Unternehmenes stark untermauern.

Und zu deiner Frage: ja ich habe noch solche Aktien !!

Cultom

[Art Bechstein]

Hai Leute,

heute könnte Calpine gut abgehen. Gestern kamen sehr gute Zahlen, die ein Erreichen der avisiereten 2 $ eps für 2001 mehr als wahrscheinlich machen (man ist jetzt bereits bei 1,64 $ eps) und für nächstes Jahr sollten mind. 2,5$ eps erreicht werden, was einem KGV von unter 10 entspricht, was für einen derartigen Wachstumstiteln mit viel Substanz schon arg wenig ist.

Ciao

art

[Vandi]

Hallo,
wo finde ich News bezüglich Calpine ?
Die Aktie fällt seit zwei Tagen gegen den Trend
weiß jemand was neuses?

Vandi

[Art Bechstein]

ist eher ein Branchenproblem. Die "alternativen" Energieversorger liegen nicht so gut im Rennen, solange die Ölpreise weiter fallen - und as werden sie wohl tun.

Ciao

Art

[Vandi]

@Art

Wie siehst Du den weiteren Kursverlauf von Calpine.
Ich wollte sie mir eigentlich ins Depot holen .
bin jetzt aber etwas unsicher

Gruss Vandi

[Art Bechstein]

HAi Vandi,

ich habe bei 23,70 $ nochmal nachgekauft (liege jetzt so bei 28-29$ im Schnott). Bin recht optimistisch. CPN hat immer die Gewinprognosen gehalten, liegt für 2001 gesamt sogar ein wenig vorne und wird derzeit in Sippenhaft genommen im Bereich der Energieversorger. Laß es jetzt mal Winter werden, dann wird es mit den Energiewerten aufwärts gehen. Für 2002 steht die Gewinnprognose von CPN bei ca. 2,60 $ eps. Das ist aktuell ein KGV von etwa 10, was in USA schon sehr sehr niedrig ist. Ein paar Institutionelle sind wohl demletzt raus aus CPN - das wird schon wieder.

Besorgnis eregender finde ich die Entwicklung dieser ganzen "New Energie und New Power Fonds". Die haben ja richtig in den Sack gehauen, insbesondere wenn ich mir diese Hackfresse von der ADIG angucke. Die haben jeden Mist zu Höchstkursen gekauft, den deutschen linksliberalen Öko-schlechtes-Gewissen-Moral Anleger geködert und bluten jetzt mit ihren Gurkenfonds im Nirwana. Würde bis 30 $ nachkaufen, wobei es im Moment (leider) immer wieder zu Rückfällen kommen kann, wie diese Woche gezeigt hat.

Ciao

Art

[Vandi]

Hallo ,
für alle die es interessiert,
hier ein paar Infos über Calpine(in deutsch)

http://www.calpine.de/

gruss Vandi

[Silver014]

Hallo an alle die noch investiert sind,
oder es demnächst vor haben!

Was kann man da für ne meinung zu calpine haben,da geht enron den bach runter und calpine fällt genauso als könnte man meinen calpine ist auch bald pleite!
Ist es eigentlich nicht anders rum daß da calpine nicht profitieren kann von dem ausstieg eines solch riesigen konzerns oda seh ich das nicht richtig oda wißt ihr übehaupt mehr über die calpine?
Wär wieder mal gut wenn man hier news lesen könnte.ich selber hab keine parat ich seh nur den kursverlust den ich mir wegen der insovenz von enron nicht erklären kann.

mfg.

[Guru-Schreck]

Vielleicht solltet ihr mal Aktien kaufen, die keinen intakten Abwärtstrend haben.
Sonst kann man sein Geld gleich verbrennen.

[trackcrack]

Calpine von Moody`s abgestuft auf Baa3 (Junk oder Müll-Status)..... sieht bald aus wie Enron.... Ich hoffe allerdings für Euch Calpiner, daß Euch das Debakel erspart bleibt...

Good luck

tc

[Art Bechstein]

14.12.2001
Süddeutsche Zeitung vom 14.12.2001 Seite 29 (Region Deutschland)


WIRTSCHAFT

Im Schatten von Enron

Der Energiehändler Calpine leidet unter Vergleichen mit dem gescheiterten Konkurrenten


Energiefirmen kann zurzeit kaum Schlechteres passieren, als mit dem Pleitekandidaten Enron verglichen zu werden. Diese Erfahrung macht gerade Calpine. Am vergangenen Wochenende zog die New York Times in einer wenig schmeichelhaften Analyse Parallelen zwischen den beiden Firmen. Seither stoßen Scharen von verunsicherten Anlegern ihre Calpine-Aktien ab; in dieser Woche fiel das Papier schon um 25 Prozent auf 15,91 Dollar.

Noch im Frühjahr, auf dem Höhepunkt der kalifornischen Stromkrise, war die Aktie 58 Dollar wert, und Analysten lobten die ehrgeizigen Pläne des Konzerns, der binnen kürzester Zeit zum führenden Energieproduzenten der USA aufsteigen wollte. 2000 war Calpines Umsatz um 171 Prozent auf 2,3 Milliarden Dollar geklettert; in den ersten neun Monaten dieses Jahres vervierfachte er sich sogar auf 5,9 Milliarden Dollar. Aktuell erzeugen Calpines Kraftwerke rund 13000 Megawatt, bis 2005 sollen sie mit 70000 Megawatt rund ein Zehntel des gesamten Bedarfs in den USA decken.

Allerdings ist mittlerweile generell die Begeisterung für Energieerzeuger etwas gesunken, seit der Stromnotstand in Kalifornien ausblieb und die Großhandelspreise kräftig nachgegeben haben. Der Goldene Staat will nun sogar seine langfristigen Kaufverträge nachverhandeln. Deshalb fällt die Calpine-Aktie schon seit einiger Zeit, obwohl Analysten das Papier fast durchgehend zum Kauf empfehlen. Und nun die Analyse der New York Time s: Sie wirft Calpine unter anderem vor, seine Zahlenwerke seien - wie bei Enron - fast undurchschaubar; das Unternehmen verbuche den Handel mit Derivaten, wie es ihm gerade gefalle und sei wie der gescheiterte Konkurrent und Handelspartner stark vom Kapitalmarkt abhängig - allein in diesem Jahr habe es 5,7 Milliarden Dollar aufgenommen.

Manche der Vorwürfe sind überzogen, aber sie sind nach Ansicht von Experten nicht so absurd, wie das Calpine-Management in einer eilig einberufenen Telefonkonferenz behauptete. Manche Beobachter teilen vor allem die Befürchtung, dass dem Konzern das Geld für seine Expansion ausgehen könnte.

Die konnte das Management schon deshalb nicht ausräumen, weil es sich Fragen verbeten hatte. Doch auch eine weitere Telefonkonferenz am nächsten Tag half wenig: Zwar gab das Unternehmen diesmal seinen Kritikern Auskunft, doch fielen die Antworten offensichtlich ziemlich unbefriedigend aus. Die Aktie rutschte kräftig weiter. Damit zeigt sich zumindest eine Parallele zur Enron- Krise: Das Vertrauen der Anleger ist heutzutage leicht zu erschüttern und die Glaubwürdigkeit einer Firma schnell verspielt - wer dabei ertappt wird, dass er seine Finanzlage beschönigt, bekommt umgehend die Quittung. Antonie Bauer

[schwobaman]

Jungs, gebt mir mal einen guten Tip.
Vor 2 Wochen gekauft, nun bin ich 50% in den Miesen uns die Scheiß-Analysen blasen zum Angriff.
An was kann man da noch glauben? Raus oder Augen zu und durch?

sm :-(

[Kurumba]

geht mir mit DYNEGY ähnlich, am besten, man kauft PUTS dazu -
jetzt zu verkaufen ist zu spät, man muss wohl 2-3 monate abwarten, bis FONDS wieder einsteigen.

[Art Bechstein]

Hai Schwoba !

ich würde jetzt auch definitiv warten (mir geht es natürlich ähnlich wie Dir). Bis Jahresende kämpfen wieder die Steueroptimierer gegen die Window-Dresser; da kommt es oft zu gigantischen Kursausschlägen. Jetzt kommt erstmal der Winter und die Chance der Amis zu erkennen, wie wichtig eben doch die Energieunternehmen sind. Außerdem gibt es dann die Q4 und Jahresergebnisse für Calpine. Das zusammen sollte die Aktie im Januar/Februar wieder deutlich über die 20$ hieven, es sei denn - was man als Außerstehender nicht vollends abschätzen kann - dass hier ähnlich faule Dinger wie bei Enron gelaufen sind.

Ciao

Art

[schwobaman]

OK, dann werd ich wohl mal dabeibleiben.
Allerdings kann man sich ja kurz überlegen, für die Steuer pro forma die Verluste zu realisieren.
Danke
sm :-