Calpine Intends to Re-List on New York Stock Exchange Upon …
Source: CNNMoney.com ()
SAN JOSE, Calif. and HOUSTON, Dec. 5 /PRNewswire-FirstCall/ — Calpine Corporation announced today that it has filed an application to list the common stock of the reorganized Calpine on the New York Stock Exchange (”NYSE̶ 
after the company’s emergence from bankruptcy. Subject to the approval of its listing application and the effectiveness of its Plan of Reorganization, Calpine anticipates that the shares of the newly issued stock will begin trading on the NYSE in January 2008 under the ticker symbol CPN.
“Having the NYSE’s support and confidence in the reorganized Calpine is another positive step forward in our restructuring process,” said Robert P. May, Calpine’s Chief Executive Officer. “We look forward to continuing to work with our constituents throughout the restructuring process to emerge as a financially stable, stand-alone company with an improved competitive position in the energy industry.”
“We are pleased to welcome Calpine back to our family of listed companies,” said Catherine R. Kinney, President, Co-Chief Operating Officer, NYSE Euronext. “We look forward to an outstanding partnership with the company and to providing Calpine with the superior market quality, information services and unsurpassed brand offered to issuers on the NYSE Euronext.”
The Company expects to emerge from Chapter 11 prior to Jan. 31, 2008.
About Calpine
Calpine Corporation is helping meet the needs of an economy that demands more and cleaner sources of electricity. Founded in 1984, Calpine is a major U.S. power company, capable of delivering nearly 24,000 megawatts of clean, cost-effective, reliable and fuel-efficient electricity to customers and communities in 18 states in the U.S. The company owns, leases and operates low-carbon, natural gas-fired and renewable geothermal power plants. Using advanced technologies, generates electricity in a reliable and environmentally responsible manner for the customers and communities it serves. …