Calpine Corp said it will sell six power plants in the U.S. Southeast to LS Power for $1.57 billion in cash to focus on the wholesale power markets and better align its asset base. The company said the divesture is expected to add about $100 million to its adjusted earnings before interest, taxes, depreciation in 2014. (Reporting By Kanika Sikka in Bangalore; Editing by Marguerita Choy)
Calpine Corporation (Calpine) is an independent wholesale power producer in the United States. Shares of CPN fell by 0.93% or $-0.2/share to $21.37. In the past year, the shares have traded as low as $18.46 and as high as $22.16. On average, 3939230 shares of CPN exchange hands on a given day and today's volume is recorded at 2253977.
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