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Gold/Mining/Energy : Calpine Corp (CPN) -- Ignore unavailable to you. Want to Upgrade?

To: Howard R. Hansen who wrote (63)	10/27/2000 1:13:24 PM
From: Red Heeler	Read Replies (1) \| Respond to of 80

Howard, Your question was such a good one that I passed it along to Calpine investor relations. Here's what they had to say: "The third quarter is typically a very successful one because of the summer peaking demand. The $80 per mwh quoted yesterday by Ann Curtis is reflective of Calpine being able to sell our generation at a higher rate due to peak demands. Typically, you would see the higher energy prices during the second and third quarters when the weather is hot. Our forecasting models assume a price of $35 - 45 per mwh." So they're forcasting continued strong growth based on 35 -45 mwh. That explains the great third quarter but I think it bodes well for the future since demand continues to increase and I suspect price/mwh will increase as well. CC