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SAN FRANCISCO (AP) - Bankrupt power wholesaler Calpine Corp. suffered a $9.9 billion loss last year, sunk by the weight of its debts and a decaying portfolio of electricity plants.
The San Jose-based company detailed the losses Friday in its annual report filed with the Securities and Exchange Commission. The setback, representing mostly noncash charges, nearly equaled Calpine's 2005 revenue of $10.1 billion.
Most publicly held companies provided their 2005 reports months ago, but Calpine needed extra time because of complications caused by a five-month-old bankruptcy case that ranks among the largest ever filed in corporate America.
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