Calpine buys Canada’s Encal Energy in stock deal

The acquisition will be Calpine’s second in Canada. In November, Calpine purchased TriGas Exploration Inc., which has gas reserves in Acme, Irricana, and Lonepine nearly Calgary. Senior Calpine executives have said the company’s goal is to own 25% of its gas-fired electric generation needs.

HOUSTON, Feb. 8, 2001–With credit issues resurfacing as a threaten to California electricity supplies raising the specter of rolling blackouts, a Sacramento federal judge is scheduled to rule Thursday on whether a group a generators must continue supplying power, without assurance of getting paid.

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