Calpine Corp. (CPN) shares are down another 20% again today and are now down in the 20-30 cent range. They were given notice today by a Delaware judge that they have until January 22 to repay $313 million owed to bondholders. [ more ] Moody’s has also downgraded their corporate bonds to junk bond Ca stauts (10 levels below investment grade.) [ more ] Calpine was kicked out of the S&P 500 recently and now they are looking like they will declare bankruptcy. Boy the hits just keep on coming.