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Gold/Mining/Energy : CPN: Calpine Corporation
FRO 23.66-0.3%Nov 7 9:30 AM EST

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To: Bob Rudd who wrote (282)2/6/2002 3:09:58 PM
From: Bob Rudd   of 555
 
And a reversal from the gang the can't shoot straight:
February 6, 2:33 pm Eastern Time
Press Release
SOURCE: Calpine Corporation
Calpine Responds to Reports
SAN JOSE, Calif., Feb. 6 /PRNewswire-FirstCall/ -- Calpine Corporation (NYSE: CPN - news) confirmed it has received an informal request for information from the enforcement division of the SEC regarding a January 4, 2002 Dow Jones newswire report, which made claims that the company may have made selective disclosures to analysts.

The company reiterated that is has made no inappropriate disclosure, and that it is working with the SEC to clarify this matter.

In a separate, but unrelated matter, the company also stated that it has received a comment letter from the non-enforcement division of Corporation Finance of the SEC seeking clarification and offering guidance on certain disclosures. These comments do not require the company to alter any aspect of its financial results.

The company said that it has had -- and will continue to have -- an ongoing dialogue with its accountants, lawyers and the SEC to continually enhance its financial disclosure practices.
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