| Ticker: CPN | 50 West San Fernando Street | |
| Exchange: New York Stock Exchange | San Jose, California 95113 | |
| Industry: Utilities | (408) 995-5115 |
| Type of Shares: | Common Shares | Filing Date: | 7/1/96 | |
| U.S. Shares: | 14,436,000 | Offer Date: | 9/19/96 | |
| Non-U.S. Shares: | 3,609,000 | Filing Range: | $18.00 - $21.00 | |
| Primary Shares: | 5,477,820 | Offer Price: | $16.00 | |
| Secondary Shares: | 12,567,180 | Gross Spread: | $0.90 | |
| Offering Amount: | $351,877,500 | Selling: | $0.54 | |
| Expenses: | $1,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 18,045,000 |
| Manager | Tier | Phone |
| CS First Boston | Lead Manager | (212) 909-3312 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $132.10 | $81.99 | $50.35 | Assets: | $792.81 |
| Net Income: | $7.38 | $4.42 | $0.30 | Liabilities: | $713.16 |
| EPS: | $0.52 | $0.31 | Equity: | $79.66 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is engaged in the acquisition, development, ownership and operation of power generation facilities and the sale of electricity and steam in the United States and selected international markets. The company has interests in 14 power generation facilities and steam fields having an aggregate capacity of 937 megawatts. Since its inception in 1984, Calpine has developed substantial expertise in all aspects of electric power generation. The company's vertical integration has resulted in significant growth over the last five years as Calpine has applied its extensive engineering, construction management, operations, fuel management and financing capabilities to successfully implement its acquisition and development program. Calpine's strategy is to capitalize on opportunities in the power market through an ongoing program to acquire, develop, own and operate electric power generation facilities, as well as marketing power and energy services to utilities and other end users. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to used for working capital and general corporate purposes, including the development and acquisition of power generation facilities. |
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