Calpine
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News and Notes
AEP Abruptly Replaces CEO, Calpine Unveils Leadership Transition
American Electric Power (AEP) and Calpine Corp. separately announced significant leadership reshuffles on Feb. 27, marking new chapters for the power giants. Investor-owned utility AEP, with immediate effectiveness, removed AEP Chair, President, and CEO Julie Sloat, appointing Benjamin G.S. Fowke III, an AEP Board of Directors member and the former chairman and CEO of Xcel Energy, […]
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Gas
DOE Backs Carbon Capture Development at Two Major Gas-Fired Power Plants
Two major U.S. gas power plants will be part of the Department of Energy’s (DOE’s) efforts to develop carbon capture technologies capable of capturing at least 95% of carbon dioxide. The agency’s Office of Fossil Energy and Carbon Management (FECM) on Aug. 26 announced $31 million in funding for 10 projects. While many of the […]
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Press Releases
California Energy Commission Awards Funding to GreenFire Energy Inc. for Demonstration of its Geothermal GreenLoop Technology at The Geysers
GreenFire Energy Inc. to Partner with Calpine Corporation to Implement Its Steam Dominated GreenLoop Technology San Francisco, California – February 17, 2022, GreenFire Energy Inc. announced today that it was awarded more than $2.7 million by the California Energy Commission (CEC) to install its Steam Dominated GreenLoop (SDGL) technology at The Geysers geothermal field in […]
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Press Releases
Calpine Corporation Issues First-Ever Sustainability Report
HOUSTON, Texas (August 18, 2021) – Calpine Corporation (Calpine), America’s premier privately held competitive power company, published its first-ever sustainability report today. The report highlights Calpine’s performance through an environmental, social and governance (ESG) lens, examining the company’s state-of-the-art portfolio of clean, flexible, and reliable power plants and renewable generation. Today, Calpine is the nation’s […]
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Press Releases
Calpine and GE Renewable Energy Complete Santa Ana Storage Project in Southern California
HOUSTON, Texas (July 21, 2021) — Calpine and GE Renewable Energy announced today the completion of the Santa Ana Storage Project (SASP) in Southern California. The project contains a 20MW/80MWh (4hr) standalone battery energy storage system using GE’s Reservoir energy storage technology. The system, now in commercial operation, is supported by a 20-year Resource Adequacy […]
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Markets
PJM Stakeholders at Odds on Timing for Next Capacity Auction
PJM Interconnection will not run a base residual auction (BRA) until the Federal Energy Regulatory Commission (FERC) approves recalculated Minimum Offer Price Rule (MOPR) floor prices for new and existing resources as directed by the federal entity’s ground-shaking Dec. 19 capacity market order. But when that will occur is still highly uncertain. In a presentation […]
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News
Nuclear Subsidy Dispute Now Rests with FERC, Competitive Generators Say
The U.S. Supreme Court’s refusal to reconsider industry-led challenges to state nuclear subsidy programs in New York and Illinois leaves the contentious matter to the Federal Energy Regulatory Commission (FERC). The high court on April 15 declined to accept petitions for review of decisions by the Second Circuit and Seventh Circuit, dealing a major blow […]
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News
McDermott Announces Substantial Completion of Calpine’s York 2 Energy Center Combined-Cycle Power Station
Facility has been turned over to the customer, Calpine Mid-Merit Combined-Cycle Power Station has begun commercial operations New facility will provide power to nearly 800,000 customers HOUSTON, March 18, 2019 – McDermott International, Inc. (NYSE: MDR) announced today it successfully achieved substantial completion at Calpine’s York 2 Energy Center, a combined-cycle gas power station in […]
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News
ERCOT Warns of Intensified Summer Supply Crunch (UPDATED)
Grappling with a historically low planning reserve margin of 7.4%, owing to a mass of coal plant closures, the Electric Reliability Council of Texas (ERCOT) is forecasting record electric use this summer and warns it could issue energy alerts at “various times.” ERCOT said its March 5–released final Seasonal Assessment of Resource Adequacy (SARA) for […]
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Renewables
Six Glaring Interventions in Competitive Markets — Beyond the Trump Plan
The Trump administration’s attempt to prop up uneconomic “fuel secure” generators in competitive markets is just the latest in a string of recent “extra-market” interventions that experts said imperil independent organized markets for electricity. In a recent white paper, Raymond Gifford and Matthew Larson, energy partners at Wilkinson Barker Knauer LLP, said the restructured administrative […]