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4-Traders Homepage  >  Equities  >  Nyse  >  Calpine Corporation    CPN

Delayed Quote. Delayed  - 07/26 10:01:56 pm
14.75 USD   +0.41%
07/17 CALPINE : Santa Paula meeting on power plant scheduled for July 28
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Calpine : Santa Paula meeting on power plant scheduled for July 28

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07/17/2016 | 04:14am CEST

July 16--The California Energy Commission has scheduled a new hearing on a power plant proposed for the Santa Paula area after a previous session resulted in a walkout over Spanish translation services.

The informational meeting is scheduled for July 28 at the Santa Paula Community Center, 530 W. Main St., Santa Paula. Doors will open at 5:30 p.m., but the hearing is scheduled to begin no earlier than 6 p.m.

More than 100 people walked out of the initial hearing in late June, citing inadequate Spanish translation. The commission has apologized for the problem and pledged to provide effective translation at the upcoming event for those who speak Spanish.

Calpine Corp. has proposed to build a natural gas-fired plant to provide electricity during periods of peak demand when the normal power system is inadequate. The commission is studying the proposal for what's being called the Mission Rock Energy Center.

Calpine, a power-generating company based in Texas, already owns the 10-acre property where the plant would be built off Mission Rock Road just west of Santa Paula. The site is now a storage yard for boats and recreational vehicles.

For more information, visit http://www.energy.ca.gov/sitingcases/alphabetical.html.

___

(c)2016 Ventura County Star (Camarillo, Calif.)

Visit Ventura County Star (Camarillo, Calif.) at www.vcstar.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2016 5 666 M
EBIT 2016 933 M
Net income 2016 159 M
Debt 2016 11 449 M
Yield 2016 -
P/E ratio 2016 109,26
P/E ratio 2017 14,46
EV / Sales 2016 2,96x
EV / Sales 2017 2,73x
Capitalization 5 296 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 18,9 $
Spread / Average Target 28%
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NameTitle
John B. Hill President, Chief Executive Officer & Director
Frank Cassidy Chairman
Paul Sandor Bozoki Chief Financial Officer
David C. Merritt Independent Director
W. Benjamin Moreland Independent Director
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