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Taking the Good With the Bad

Posted on August 12, 2008

Two companies, two different directions. Calpine is giving every indication that the formerly bankrupt power producer is back and getting stronger. Pacific Ethanol, the erstwhile media darling, isn't having such an easy go of it.The Los Angeles Times contrasts the two companies' fortunes in separate bulletins:Calpine Corp., the U.S. power producer that exited bankruptcy protection in January, reported a profit in the second quarter after a year-earlier loss from reorganization costs. Net income was $197 million, or 41 cents a share, compared with a loss of $500 million, or $1.04, San Jose-base...

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alternative fuel , corn prices , electricity prices , ethanol , ethanol prices , natural gas