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Non-Tech : Calpine -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (7)	7/25/2000 7:15:43 PM
From: Howard Hoffman	Read Replies (1) \| Respond to of 11

Welcome, nice to see that someone else is interested in this great stock/great company. Of course other recent developments: Calpine Second Quarter Earnings Up 176% Over 1999; Peak Power Demand and Development Program Fuel Strong Results SAN JOSE, Calif.--(BUSINESS WIRE)--July 24, 2000--Calpine Corporation (NYSE:CPN), the nation's fastest growing independent power company, announced today record earnings for the three and six months ended June 30, 2000, reflecting the company's strong operating performance and increased power demand in key U.S. markets. Net income for the quarter ended June 30, 2000 was 51.7 million, representing a 176 increase compared to net income of 18.7 million before extraordinary charge for the second quarter of 1999. Diluted earnings per share rose 131 to 0.37 per share from 0.16 per share before extraordinary charge for the same period in 1999. Revenue for the quarter increased 85 to 363.7 million, from 196.6 million a year ago. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) rose 68 to 150.4 million for the quarter, compared to 89.5 million a year ago. For the first half of 2000, net income was 69.8 million, an increase of 209 compared to net income of 22.6 million before extraordinary charge for the same period in 1999. Diluted earnings per share rose 136 to 0.52 per share, compared to 0.22 per share before extraordinary charge for the first six months of 1999. Revenue for the first six months was 599.1 million, an increase of 73 from 347.2 million a year ago. EBITDA for the first six months rose 73 to 236.9 million, from 137.1 million in 1999. Total assets as of June 30, 2000 were approximately 5.6 billion, up 40 from 4.0 billion at December 31, 1999.