DOE would cut oil and gas research, pending energy strategy plan

WASHINGTON, DC, Apr. 9, 2001 — The US Department of Energy’s latest budget fiscal 2002 proposal would dramatically reduce research on oil, gas, and renewable fuels in favor of clean coal technologies.

SAN JOSE, Calif., April 9, 2001 — In response to PG&E Company’s Chapter 11 filing, Calpine Corporation stated it is confident that PG&E, will be able to pay Calpine’s Qualifying Facility (QF) subsidiaries for all past due power sales, which total about $267 million.

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