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Calpine CEO Unveils Strategic Initiative at Annual Meeting of Stockholders.

Publication: PR Newswire
Publication Date: 27-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Company Announces Stockholder Voting Results

SAN JOSE, Calif., May 27 /PRNewswire-FirstCall/ -- At Wednesday's annual meeting of stockholders, Peter Cartwright, chairman, president and CEO of Calpine Corporation , discussed an aggressive plan aimed at strengthening the company's financial and competitive position. The program is targeting accelerated debt reduction of more than $3 billion by the end of 2005, $275 million of annual interest savings and approximately $200 million in annual operating cost reductions.

Prior to Cartwright's overview on Calpine and its...

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