Calpine Corporation is a power company founded in 1984. Calpine has headquarters in San Jose, California. The company's stock was traded on the New York Stock Exchange under the symbol CPN until it was delisted on December 5, 2005 due to low share price. 1984 (MCMLXXXIV) is a leap year starting on Sunday of the Gregorian calendar. ... Nickname: Capital of Silicon Valley Motto: Official website: http://www. ... Official language(s) English Capital Sacramento Largest city Los Angeles Area  - Total  - Width  - Length  - % water  - Latitude  - Longitude Ranked 3rd 410,000 km² 402. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE), also nicknamed the Big Board, is the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ... December 5 is the 339th day (340th in leap years) of the year in the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...

History

In response to the 1973 oil crisis and the 1979 energy crisis much legislation was passed that made domestic energy production an attractive enterprise. In 1984, Peter Cartwright and four of his co-workers, the Guy F. Atkinson Construction Company of South San Francisco, and the Electrowatt corporation struck an investment arrangement and Calpine was born with initial capital of US$1 million. The name "Calpine" is derived from the company's California location and alpine, a reference to the Zürich home base of Electrowatt. At the height of the crisis in the United States, drivers of vehicles with odd numbered license plates were allowed to purchase gasoline only on odd-numbered days of the month, while drivers with even-numbers were limited to even-numbered days. ... The 1979 (or second) energy crisis occurred in the wake of the Iranian Revolution. ... South San Francisco is a city located in San Mateo County, California. ... This article is about general United States currency. ... Location within Switzerland (help· info) (German pronunciation IPA: ; in English often Zurich, without the umlaut) is the largest city in Switzerland (population: 366,145 in 2004; population of urban area: 1,091,732) and capital of the canton of Zürich. ...

• 1984: provider of management services for independent energy companies
• 1988: first power production
• 1992: assets of $21 billion
• 1994: 141 MW capacity
• 1996: largest IPO ever for an independent energy company
• 1997: purchase of Montis Niger natural gas fields and pipelines in the Sacramento Valley
• 1998: purchased 45 gas turbine power plants
• 1999: purchased 18 gas turbine power plants
• 1999: purchase of Houston's Sheridan Energy, a gas exploration and production company
• 1999: acquired PG&E's plants at The Geysers, making Calpine the world's largest geothermal provider
• 1999:
• 2000: 3,355 MW capacity from 58 facilities

The megawatt (symbol: MW) is a unit for measuring power corresponding to one million (106) watts. ... In financial markets, an initial public offering (IPO) is the first sale of a companys common shares to public investors, any other issuance by the company being called a Secondary Market Offering. ... Natural gas (commonly referred to as gas in many countries, but note that gas is also an American and Canadian shortening of gasoline) is a gaseous fossil fuel consisting primarily of methane. ... The Sacramento Valley is the portion of the California Central Valley that lies to the north of the San Joaquin-Sacramento Delta. ... Nickname: Space City Motto: Official website: www. ... Pacific Gas and Electric Company (PG&E) is the utility that provides natural gas and electricity to most of Northern California. ... Geothermal power is electricity generated by utilizing naturally occurring geological heat sources. ...

Recent years

• 2001: the California electricity crisis
• 2001: purchase of first European facility in the United Kingdom
• 2001: a $17 billion four-year growth drive with about 50% financing scaled back in face of economic downturn
• 2001: collapse of Enron Corporation
• 2001: world's ninth largest electricity producer
• 2002: 13,000 MW capacity
• 2004: 22,000 MW capacity; 89 energy centers in 21 states, Canada, and the UK
• 2005: December 20: Calpine files bankruptcy, $22 billion in debt. Aggressive leveraged expansion plan was unsupportable in the economic environment formed by the 2000-2001 California energy crisis and the collapse of Enron.

The California electricity crisis (also known as the Western Energy Crisis) of 2000 and 2001 followed a failed partial-deregulation, in 1996, of the electricity market in the state. ... Enron Corporation (Stock ticker: ENRNQ) was an energy company based in Houston, Texas. ...

References

• Editors, Scientific American (2004). The 2004 Scientific American 50 Award: Business Leaders. Retrieved February 7, 2006.
• Editors, World-Generation. Peter Cartwright. Retrieved February 10, 2006.
• Peters, Sara (2002). Calpine CEO shares wisdom, insight. Retrieved February 10, 2006.
• Reuters, : “Calpine to Trim Jobs, Shed Businesses to Reduce Costs”, Los Angeles Times, 2 Feb 2006.
• Schlager, Neil (2006). Peter Cartwright, 1930-. Retrieved February 10, 2006.

Reuters Group plc LSE: RTR NASDAQ: RTRSY is best known as a news service that provides reports from around the world to newspapers and broadcasters. ... The Los Angeles Times (also known as the LA Times) is a daily newspaper published in Los Angeles, California and distributed throughout the western United States. ...

External links

• Calpine Corporation
• Calpine stock price chart over the life of the company
• Electrowatt, early partner