Calpine (CPN: news, chart, profile) CEO Ron Walter said he expects the company to report earnings above $2.02 a share, the analysts' consensus compiled by Thomson Financial/First Call.
Speaking at the Banc of America annual investment conference in San Francisco, he said the company's previously announced power production plans are on track. Calpine plans to produce 70,000 megawatts by 2005, up from 6,000 today. Next year, he expects to produce 22,000 megawatts by 2002.
The increase in power will mostly come from development in areas like the Pacific Northwest, California and Florida, while a small percentage will come through acquisitions. By 2005, 12,000 megawatts of the power will be produced in California. |
