Xcel buys two Calpine power plants for $739 million
Xcel Energy Inc., the owner of utilities that operate in eight US states, will buy two Calpine Corp. power plants near Denver for $739 million.
Xcel Energy said Thursday its second-quarter net income rose by 20% to $140 million, or 30 cents a share, from $117 million, or 25 cents a share, in the year-ago period.