Calpine reported a net loss of $459M for the quarter on sales of $1.6B, this constitutes an improvement on the loss of $589M in the same period last year and a 31% increase in sales for the comparable period.

The company continues to prepare to emerge from bankruptcy in June by repositioning itself and it’s 25,000MW portfolio as a clean energy provider. Speculation remains rampant that a private equity player will acquire Calpine in the same manner as TXU earlier this year.

The major negative aspect of this report is that higher debt financing and operating costs offset the increase in sales.

This entry was posted on Thursday, May 10th, 2007 at 6:36 am and is filed under Business, Geothermal.