CPN: Calpine Corporation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : CPN: Calpine Corporation

FRO 23.33

+0.2%

Nov 5 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Daniel G. DeBusschere who wrote (269)	2/1/2002 4:53:48 PM
From: Raymond Duray	Read Replies (1) of 555

Before you think I'm simply beating up on CPN, I'm not. I think it is "best of breed" of the IPPs. But I think an investor would really want to examine the bombshell that Robert McCullough of McCullough Consulting, Portland, OR dropped on the Senate Energy Committee earlier this week. He stated that the forwards contracts for Western wholesale electricity dropped 30% on December 3. The only factor in the market that could have caused this was the ENE bankruptcy. Sen. Dianne Feinstein and Sen. Ron Wyden are each pursuing this aggressively. My point is that the California wholesale power market was rigged when Cal DWR negotiated the LT contracts. They can and will be broken. And the people of California will be given money back on the re-negotiated LT contracts. To the detriment of all the IPPs. You can spin it as much as you'd like. You can't delude me into thinking that there's anything but a hit for CPN coming up with the re-negotiations. If you chose to self-delude, that's your business. But I simply can't find any traction with your argument. All the best, Ray :)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next