Calpine Corp., the largest U.S. issuer of junk bonds in 2004, said Wednesday it will sell as many as eight power stations and idle money-losing plants to accelerate $3 billion in debt reduction.

Electricity generator Calpine Corp. filed its plan Wednesday to emerge from bankruptcy protection by the end of the year as a smaller, more streamlined company than it was in its late 1990s heyday.

Beleaguered Calpine Corp., a once-highflying power producer that has been selling assets to reduce debt, has confirmed new troubles: The company said Thursday that it was unable to withdraw $400 ...

Calpine Corp. is entering the retail residential electricity market for the first time, purchasing Champion Energy Services from a group that includes Astros owner Jim Crane. Houston-based Calpine ...

Its legal options exhausted and its cash dwindling, energy company Calpine Corp. filed for Bankruptcy Court protection Tuesday night, asking a federal judge to shield it from creditors.

Calpine Corp., the owner of power plants in 21 states, agreed Wednesday to sell its U.S. oil and natural-gas properties for $1.05 billion to undisclosed private investors, advancing a plan to cut ...

Calpine Corp.'s emergence from bankruptcy protection in the coming days will end a tough chapter in the history of Texas' No. 3 power producer, but don't expect applause from shareholder Robert ...

NEW YORK – Calpine Corp. (CPN), struggling under a heavy debt load since the Enron crisis (search) of 2001, on Wednesday accelerated its $3 billion debt-reduction plan and signaled it may sell ...

WASHINGTON (CBS.MW) -Power producer Calpine Corp. filed a shelf registration with the Securities and Exchange Commission late Thursday to sell as much as $1.15 billion of debt, common and ...