Houston-based Calpine Corp.’reported Friday that profits fell sharply last year as low prices squeezed margins and the company grappled with higher taxes. The power company reported profits of $92 million for 2016, down 60 percent from the $235 million earned in 2015, Calpine said. For the fourth quarter, Calpine reported profits of $24 million, swinging …
Source: FuelFix
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