Enron fallout hurting Calpine
Wall Street’s worry over Enron’s collapse has increased concern that electricity and natural gas companies that have moved quickly into the volatile business of trading energy may be in trouble as well, or should at least be closely watched.
San José, California-based Calpine, the US’ largest independent power producer, appears to be the firm hardest hit by this speculation. The company’s stock took a nose dive after a December 9 article in The New York Times claimed “there were
More on Financing
Deal of the year: Intersect Power
Energy Risk Awards 2025: Clean energy company secures significant BESS financing amid market volatility
Innovation of the year – Project: Tramontana
Energy Risk Awards 2025: Finance specialist develops transformational agroforestry project
Sustainable finance house of the year: Bank of America
Energy Risk Awards 2025: Bank furthers commitment to sustainability with large-scale transactions that showcase innovation, ingenuity and vision
Supply chain decoupling fires up alpha focus at BofA
Talking Heads: Stock dispersion sees funds gross up on long/short baskets, while US structured notes come of age
Sustainable bond markets miss an options trick
A derivatives mindset could boost lagging sustainability-linked market, argues climate think-tank
UBS precious metals team shines amid market turmoil
Global uncertainty always adds allure to precious metals, putting a premium on the long-standing relationships and cutting-edge technology of the UBS precious metals team
A global solution to market developments
Sponsored content
