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Energy

* Calpine Corp. of San Jose, the largest owner of gas-fired U.S. power plants whose bonds have plunged in a dispute over access to $400 million, has enough cash to avoid filing for bankruptcy protection until 2007, Standard & Poor’s said.

* Chevron Corp. of San Ramon, Calif., said its third-quarter costs related to Hurricane Katrina could exceed $350 million. Storms also cut its production by 75,000 barrels of daily oil equivalent in the quarter, the company said.


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