CPN: Calpine Corporation Message Board

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Gold/Mining/Energy : CPN: Calpine Corporation

FRO 23.33

+0.2%

Nov 5 3:59 PM EST

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To: Bridge Player who wrote (515)	3/1/2004 3:10:55 PM
From: AV8R	Read Replies (1) of 555

Reuters Calpine forecasts higher revenues in 2004 Thursday February 26, 1:10 pm ET NEW YORK, Feb 26 (Reuters) - Independent power producer Calpine Corp. (NYSE:CPN - News) on Thursday said it expected revenues to jump to more than $11 billion this year, boosted by bringing another eight projects on line. On a conference call, the company also said it would probably hit the road in mid-June to refinance debt maturing in November for its Calpine Generating Co. LLC unit. On Tuesday, the company canceled a $2.3 billion debt refinancing plan citing market conditions. Calpine, which earlier on Thursday posted a quarterly profit boosted by one-time gains, said it expected to report revenues of about $11.6 billion and gross profit of $925 million in 2004.

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