Calpine Announces Redemption of HIGH TIDES III
July 13 2005 - 4:49PM
PR Newswire (US)
Calpine Announces Redemption of HIGH TIDES III SAN JOSE, Calif.,
July 13 /PRNewswire-FirstCall/ -- Calpine Corporation (NYSE:CPN)
has completed the redemption of its outstanding 5% HIGH TIDES III
preferred securities, totaling $517.5 million, of which $115.0
million was held by Calpine Corporation. The redemption price paid
per each $50 principal amount of HIGH TIDES III security was $50
plus accrued and unpaid distributions to the redemption date in the
amount of $0.50. All rights of holders of the HIGH TIDES III have
ceased, except the right of such holders to receive the redemption
price, which has been deposited with The Depository Trust Company,
and such HIGH TIDES III preferred securities have ceased to be
outstanding. A major power company, Calpine Corporation supplies
customers and communities with electricity from clean, efficient,
natural gas-fired and geothermal power plants. Calpine owns, leases
and operates integrated systems of plants in 21 U.S. states, three
Canadian provinces and in the United Kingdom. Calpine was founded
in 1984. It is included in the S&P 500 Index and is publicly
traded on the New York Stock Exchange under the symbol CPN. For
more information, visit http://www.calpine.com/. DATASOURCE:
Calpine Corporation CONTACT: Media Relations: Katherine Potter,
ext. 1168, or Investor Relations: Rick Barraza, ext. 1125, both of
Calpine Corporation, +1-408-995-5115 Web site:
http://www.calpine.com/
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