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Tuesday November 21, 4:43 pm ET
Calpine Sells Turbines, Generators for $112 Million at Auction
SAN JOSE, Calif. (AP) -- Power producer Calpine Corp., which is operating under bankruptcy protection, on Tuesday said it has sold 10 turbines and generators at auction for about $112 million.
The equipment sales are part of a plan to divest excess inventory, an effort that "enhances liquidity and lowers costly storage charges," said Chief Executive Robert P. May.
Calpine Sells Turbines, Generators for $112 Million at Auction
SAN JOSE, Calif. (AP) -- Power producer Calpine Corp., which is operating under bankruptcy protection, on Tuesday said it has sold 10 turbines and generators at auction for about $112 million.
The equipment sales are part of a plan to divest excess inventory, an effort that "enhances liquidity and lowers costly storage charges," said Chief Executive Robert P. May.
