Calpine trades up

Natural gas

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California-based Calpine has transformed itself in recent years from a major developer of power plants into a power plant operator and energy-services provider. This shift was reflected by the company’s installation earlier this year of a trading floor in a new office in Houston, says Stephen Webster, Calpine’s director of enterprise infrastructure services. The marketing and trading subsidiary, Calpine Energy Services (CES), has also been making a big push in the past year towards attractin

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