Enron fallout hurting Calpine

Wall Street’s worry over Enron’s collapse has increased concern that electricity and natural gas companies that have moved quickly into the volatile business of trading energy may be in trouble as well, or should at least be closely watched.

San José, California-based Calpine, the US’ largest independent power producer, appears to be the firm hardest hit by this speculation. The company’s stock took a nose dive after a December 9 article in The New York Times claimed “there were

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