Updated: Calpine Reports Results For Retail Segment

November 8, 2019

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Reporting by Paul Ring • ring@energychoicematters.com

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Update, 11/11:

Calpine has filed a 10-Q with additional revenue data for the Retail segment

For the Retail segment, Revenue from Contracts with Customers, for Energy & Other Products (third party), was $491 million for the three months ended Sept. 30, 2019, versus $543 million a year ago

For the Retail segment, Total Operating Revenues was $1,096 million for the three months ended Sept. 30, 2019, versus $1,125 million a year ago

Earlier:

Calpine reported that Commodity Margin for its retail segment for the quarter ending Sept. 30, 2019 was $100 million, versus $111 million a year ago

Third Quarter: Commodity Margin in our Retail segment decreased by $11 million in the third quarter of 2019 compared to the prior year period, primarily driven by decreased contribution from gas supply hedging activity during the third quarter of 2019 compared to the prior year period.

Income from operations for Calpine's Retail segment was $149 million for the third quarter of 2019, versus $37 million a year ago. The income from operations data includes the impact of Mark-to-market commodity activity

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