By Margarita Snegireva. Calpine Corp. announced that it has ended a two-year bankruptcy slog in which the power producer slashed one-third of its work force and sold off a string of plants to help get its finances back in order and emerged from Chapter 11 protection.
Shares of the San Jose-based company are scheduled to begin trading on the New York Stock Exchange on or around Feb. 5 under the ticker symbol CPN.
Calpine Corporation is a power company founded in 1984 with 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. It is currently listed on the Pink Sheets.
On December 20, 2005 Calpine files bankruptcy, US$22 billion in debt. Calpine's aggressive leveraged expansion plan was unsupportable in the economic environment formed by the 2000-2001 California energy crisis and the collapse of Enron. Stock price dropped to less than US$0.30 per share.
World's most powerful nuclear submarines, Arkhangelsk and Severstal, are to be dismantled after 2020 - their further exploitation is unprofitable
The United States' Head of Diplomacy, or Secretary of State, is an anachronistic, incompetent, meddling, intrusive, insolent and arrogant, rude individual, a brash, foul-mouthed upstart, a conceited, self-important guttersnipe and an insult to the international community, as fit for the job as a pedophile janitor in a grade school.
Pentagon officials said that Russia has developed a very powerful weapon, which Western specialists have already dubbed as the "doomsday weapon"