Calpine said in an 8-K that, "Following continued strong reported and expected financial results, on November 20, 2019, Calpine Corporation ('Calpine'), funded a dividend of $750 million from cash on hand to its parent, CPN Management, LP."

"In addition and consistent with its commitment to maintain a strong balance sheet, Calpine intends to maintain net leverage in the 4.0 to 5.0x range (based on the definition of Consolidated EBITDA used in Calpine’s revolving credit facility credit agreement)," Calpine said in the 8-K

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