Replies to post #30 on Calpine (CPN)

[Joe Stocks]

 
 Peer Comparisons 
 Company Name (Ticker Symbol) Market Cap. TTM Revenue Net P/E Price 52-Week 52-Week 
 (Millions) (Millions) Margin 6/16/05 6/16/05 High Low 
 Cinergy Corp. (CIN) $8,561.81 $4,743.54 8.8% 19.6x $43.17 $43.60 $36.95 
 DTE Energy Company (DTE) $8,181.00 $7,336.00 5.0% 22.2x $46.97 $48.31 $39.31 
 Xcel Energy Inc. (XEL) $7,783.70 $8,483.30 5.9% 16.0x $19.35 $19.46 $16.32 
 EDP-Energias de Portugal, S.A (ADR) (EDP) $7,479.23 $9,518.44 5.7% 12.9x $25.11 $31.15 $25.05 
 Empresa Nacional de Electricidad (ADR) (EOC) $6,941.60 $1,828.49 NM NA $25.38 $26.00 $11.97 
 Enersis S.A. (ADR) (ENI) $6,859.62 $4,813.82 NM NA $10.50 $10.76 $5.66 
 United Utilities PLC (ADR) (UU) $6,727.62 $4,100.76 14.9% 15.6x $23.96 $25.54 $18.52 
 Cia. Energetica de Minas Gerais (ADR) (CIG) $4,899.56 $2,622.71 0.0% 0.0x $30.23 $32.04 $13.90 
 SCANA Corporation (SCG) $4,867.09 $4,015.00 8.2% 18.7x $42.88 $42.91 $35.66 
 Pepco Holdings, Inc. (POM) $4,425.16 $7,262.50 3.5% 16.3x $23.44 $23.49 $17.86 
 Energy East Corporation (EAS) $4,367.13 $4,842.61 5.6% 16.1x $29.65 $29.66 $23.48 
 Pinnacle West Capital (PNW) $4,346.09 $2,948.47 7.7% 17.7x $44.19 $45.84 $39.63 
 Wisconsin Energy Corporation (WEC) $4,322.62 $3,464.30 3.7% 32.9x $36.95 $37.65 $31.12 
 Allegheny Energy, Inc. (AYE) $4,084.59 $2,774.80 4.7% 31.2x $25.13 $25.85 $13.99 
 CenterPoint Energy, Inc. (CNP) $3,927.90 $8,744.42 2.8% 18.3x $12.71 $12.81 $9.78 
 International Power plc (ADR) (IPR) $3,905.81 $1,397.30 13.4% 25.2x $35.28 $37.24 $24.80 
 TECO Energy, Inc. (TE) $3,880.85 $2,711.50 (17.0%) NM $18.75 $18.83 $11.50 
 Reliant Energy, Inc. (RRI) $3,845.68 $11,254.30 NM NA $12.78 $13.94 $8.81 
 CPFL Energia S.A. (ADR) (CPL) $3,483.70 $0.00 6.9% 18.5x $23.15 $26.16 $15.55 
 DPL Inc. (DPL) $3,433.25 $1,204.60 16.9% 16.4x $27.14 $27.37 $18.79 
 Alliant Energy Corporation (LNT) $3,225.08 $2,987.10 NM NA $27.75 $28.80 $24.34 
 TransAlta Corporation (USA) (TAC) $3,209.08 $2,142.45 8.1% 23.8x $16.44 $16.81 $11.64 
 NRG Energy, Inc. (NRG) $3,185.87 $2,362.30 NM NA $36.60 $39.10 $22.45 
 NSTAR (NST) $3,173.05 $3,024.47 6.2% 17.3x $29.74 $30.17 $23.01 
 CMS Energy Corporation (CMS) $3,163.57 $5,690.00 7.0% 10.1x $14.46 $14.47 $8.58 
 Northeast Utilities System (NU) $2,697.99 $7,113.22 (0.9%) NM $20.85 $20.97 $17.17 
 OGE Energy Corp. (OGE) $2,584.99 $5,165.70 2.9% 17.1x $28.66 $28.72 $24.10 
 Great Plains Energy Incorporated (GXP) $2,362.62 $2,467.65 6.7% 14.3x $31.68 $32.30 $27.86 
 Puget Energy, Inc. (PSD) $2,315.17 $2,567.00 2.4% 38.3x $23.14 $24.81 $20.73 
 Hawaiian Electric Industries, Inc. (HE) $2,199.45 $1,959.58 5.1% 21.8x $27.22 $29.79 $24.60 
 WPS Resources Corp (WPS) $2,129.27 $4,979.40 3.4% 12.6x $56.30 $56.60 $44.85 
 Westar Energy, Inc. (WR) $2,037.31 $1,460.73 7.3% 19.3x $23.52 $23.80 $19.03 
 PNM Resources, Inc. (PNM) $1,935.01 $1,597.08 5.9% 19.7x $30.05 $30.38 $19.92 
 Calpine Corporation (CPN) $1,764.69 $0.00 (5.3%) NM $3.28 $4.87 $1.32 
 Companhia Paranaense de Energia (ADR) (ELP) $1,515.75 $1,476.08 5.9% 13.4x $5.54 $5.92 $3.00 
 Sierra Pacific Resources (SRP) $1,499.02 $2,884.70 2.3% 62.2x $12.75 $12.85 $7.07 
 Duquesne Light Holdings Inc (DQE) $1,482.63 $898.90 10.0% 14.7x $19.12 $19.79 $16.93 
 IDACORP, Inc. (IDA) $1,262.49 $852.48 9.4% 15.4x $29.92 $32.95 $25.55 
 Black Hills Corporation (BKH) $1,219.79 $1,153.06 5.5% 19.6x $37.48 $38.15 $26.52 
 Cleco Corporation (CNL) $1,056.74 $751.28 NM NA $21.18 $22.00 $16.45 
 UniSource Energy Corp. (UNS) $1,043.59 $1,159.82 3.1% 29.7x $30.20 $34.80 $22.90 
 NorthWestern Corporation (NWEC) $1,028.54 $0.00 51.4% 1.8x $28.90 $29.58 $24.80 
 El Paso Electric Company (EE) $1,008.57 $711.96 4.9% 28.8x $21.13 $21.16 $14.30 
 Aquila, Inc. (ILA) $875.50 $1,808.80 (14.6%) NM $3.62 $4.24 $2.25 
 Avista Corporation (AVA) $869.66 $1,170.51 2.8% 26.5x $17.93 $18.72 $16.31 
 Otter Tail Corporation (OTTR) $805.97 $914.51 8.7% 9.6x $27.64 $27.64 $23.77 
 UIL Holdings Corporation (UIL) $785.54 $1,130.40 3.7% 22.4x $53.64 $54.65 $44.50 
 CH Energy Group, Inc. (CHG) $760.36 $814.61 5.0% 19.1x $48.24 $49.20 $42.07 
 MGE Energy, Inc. (MGEE) $751.46 $428.51 6.6% 26.0x $36.74 $37.24 $30.25 
 The Empire District Electric Company (EDE) $626.28 $327.84 6.1% 30.8x $24.26 $24.29 $19.53 
 Central Vermont Public Services Corp. (CV) $235.88 $293.73 3.0% 28.0x $19.26 $24.03 $19.15 
 Mirant Corporation (MIRKQ) $158.13 $4,234.00 (9.8%) NM $0.39 $0.00 $0.00 
 Unitil Corporation (UTL) $156.22 $214.64 3.8% 19.6x $28.05 $29.10 $25.31 
 Green Mountain Power Corp (GMP) $152.80 $223.94 4.6% 15.1x $29.50 $30.88 $24.80 
 Florida Public Utilities Co. (FPU) $71.73 $114.75 4.0% 15.9x $18.10 $20.24 $15.90 
 Gexa Corp (GEXA) $68.88 $301.64 2.0% 11.6x $6.84 $7.40 $4.00 
 Commerce Energy Group, Inc. (EGR) $53.68 $224.73 (2.5%) NM $1.76 $3.49 $0.75 
 Beacon Power Corp. (BCON) $47.60 $0.90 NM NM $1.09 $1.44 $0.25 
 Maine & Maritimes Corporation (MAM) $39.75 $38.38 2.8% 36.8x $24.30 $32.50 $24.15 
 Environmental Power Corporation (EPG) $37.76 $60.62 (8.2%) NM $5.09 $8.45 $4.20 
 Cap Rock Energy Corporation (RKE) $29.69 $80.66 4.5% 8.1x $18.00 $30.70 $17.95 
 U.S. Energy Systems, Inc. (USEY) $13.05 $20.02 (42.4%) NM $1.09 $1.94 $0.65 
 NewPower Holdings, Inc. (NWPWQ) $9.74 $416.18 (88.3%) NM $0.16 $0.00 $0.00 
 BayCorp Holdings, Ltd. (MWH) $7.72 $6.86 (36.0%) NM $13.84 $13.90 $11.40 
 Transtech Industries (TRTI) $1.04 $0.39 338.3% 0.8x $0.35 $0.50 $0.02 
 Green Power Energy Holdings Corp. (GPEH) $0.45 $4.98 NM NA $0.02 $0.30 $0.02 
 Out-Takes, Inc. (OUTT) $0.05 $0.00 NM NM $0.00 $0.01 $0.01