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Sunday, May 26, 2002

May 26, 2002.

BP Reportedly Puts Calpine In Its Crosshairs
--V.K. & Peter Thompson


Oil and gas leviathan BP is reportedly considering acquiring embattled San Jose, Calif.-based independent power producer Calpine, according to market officials in the U.S. The potential sale price could not be determined by press time. Colum Doyle, communications director for gas, power and renewables at BP in London, scotched the talk, noting "there is absolutely no truth in the [rumor] that BP is about to acquire Calpine." Bill Highlander, spokesman at Calpine, declined comment.
BP Reportedly In Deal To Buy Calpine

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