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Wednesday, November 30, 2005

Uh-Oh

My work has involved a lot of Calpine stuff, since 1998. So, this worries me:
Calpine, which made millions of dollars during the energy crisis and has lost millions ever since, announced the departure of Chairman and Chief Executive Peter Cartwright and Chief Financial Officer Robert Kelly. A "merchant" generator that sells its electricity to retail utility companies, Calpine said the shake-up will allow it "to better address Calpine's financial challenges and to provide a new direction for the company."
Time to pray to the Utility Gods for help, the ones who actually run your toaster and set your alarm clock off in the morning.

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