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Calpine added generation and retail scale, but higher costs, acquisition charges and hedge volatility squeezed Q2 profitability.
Calpine’s addition and higher capacity revenue lift adjusted earnings; FY2026 adjusted EPS guidance rises.
CEO Joseph Dominguez succeeds retired Chair Robert Lawless; MassMutual CEO Roger Crandall joins the board as an independent director.
All PJM plants cleared the 2028–2029 capacity auction; nuclear capacity revenues count toward Production Tax Credit gross receipts.
Coverage: 10-K, 10-Q and 8-K filings filed since Jul 1, 2026.
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Company data: Wikidata Q259195
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