Calpine Corporation (NYSE:CPN) has completed the acquisition of a natural gas-fired, combined-cycle power plant located in Guadalupe County, 30 miles northeast of San Antonio, Texas, in ERCOT’s south zone. Calpine purchased the plant, which has a nameplate generating capacity of 1,050 megawatts, from MinnTex Power Holdings, LLC (a portfolio company owned by a private investment fund managed by Wayzata Investment Partners LLC) for $625 million plus adjustments, or approximately $595 per kilowatt. Calpine Corporation (NYSE:CPN) stock opened at $19.19 in last session, and closed at $19.50, while the day range of stock is $19.06 – $ 19.52. The stock showed a positive weekly performance of 2.04%.
PPL Corporation (NYSE:PPL) will begin trading ex-dividend on March 06, 2014. A cash dividend payment of $0.3725 per share is scheduled to be paid on April 01, 2014. Shareholders who purchased PPL stock prior to the ex-dividend date are eligible for the cash dividend payment. PPL Corporation (NYSE:PPL) stock opened at $32.31, in last session and closed at $32.00, by losing -0.96%. The 52 week range of the stock is $28.44 – $33.55. Company’s market capitalization is $20.18 billion.
The AES Corporation (NYSE:AES) announced today that it intends, subject to market and other conditions, to offer $500 million aggregate principal amount of senior notes due 2024 (the “Notes”). AES intends to use the net proceeds from the offering of the Notes, as well as, if necessary, other available funds, to fund concurrent tender offers to purchase for cash certain series of AES’s outstanding senior notes and to pay certain related fees and expenses. AES Corp (NYSE:AES) stock advanced 0.65% and finished the last session at $14.04. The EPS of the stock remained 0.88. Company’s market capitalization is $10.16 billion.
FirstEnergy Corp. (NYSE:FE) announced that it will post the updated investor FactBook with information for the year ended December 31, 2013, to the investor information section of its website. FirstEnergy Corp. (NYSE:FE) stock opened the session at $30.63, and closed the session at $31.06. The 52 week range of the stock remained $30.10 – $46.77 and the day range was $30.59 – $ 31.18.