Calpine

The Public Utility Commission of Texas (PUCT) has executed its first agreement under the Texas Energy Fund (TxEF) Completion Bonus Grant (CBG) Program, awarding the Lower Colorado River Authority (LCRA) up to $22.56 million for its 188-MW Timmerman Power Plant Unit 1, a new natural gas–fired plant in Caldwell County, Texas. The agreement marks the operational launch of Texas’s performance-contingent funding mechanism, which is designed to accelerate […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

The U.S. Department of Justice (DOJ) and the Federal Energy Regulatory Commission (FERC) on May 29 told the U.S. 7th Circuit Court of Appeals that Illinois’ nuclear subsidy program does not preempt federal statute, siding with the state and Exelon Corp. in a contentious legal fight that has divided the power sector. The case, now […]

BATON ROUGE, La. (May 16, 2018) – State regulators endorsed another element of Entergy Louisiana’s plan to modernize its generation fleet with today’s vote to approve an agreement for the company to buy a 361-megawatt plant to be built in Washington Parish. The agreement unanimously approved by the Louisiana Public Service Commission calls for Entergy […]

Public Service Enterprise Group (PSEG) President and CEO Ralph Izzo gave NRG Energy a tongue-lashing for its pointed opposition of subsidies for PSEG’s two New Jersey nuclear power plants. The tense moment at a January 25 legislative hearing that sought to revive the measure is illustrative of a growing chasm within the power sector about the […]

A bitter dispute concerning subsidies for nuclear generation that has divided the power sector grew more intense over the past week as Connecticut, Ohio, and Pennsylvania advanced efforts to keep nuclear plants operating. At the same time, legal challenges to existing measures in Illinois and New York continued in two federal courts. In Connecticut, Gov. […]

Dynegy Inc.’s pending merger with Vistra Energy will create a company of a significant diversification and scale designed to weather volatile markets. Over the past year, at least eight other major power companies have embarked on various strategies to guard against distress in unregulated markets. Duke Energy. Three years ago, Duke Energy announced it would move away from organized […]

Houston-based Calpine Corp., which confirmed in July it was looking for a buyer, announced August 18 it has agreed to be bought by Energy Capital Partners (ECP) in a $5.6 billion deal. ECP is a private equity firm that focuses on investments in North American energy infrastructure. The purchasing group also includes a consortium of […]

The flood of cheap Marcellus Shale gas driving massive construction of new natural gas power generation capacity could wreak havoc in the PJM power market, Moody’s Investors Service suggests in a new report. Two of the nation’s largest power markets, Texas and California, already pose a “distressed environment” for unregulated power companies owing to declining […]

Yesterday’s retail tariff is prohibiting the optimal dispatch of cogeneration resources as our grid is transforming with high levels of solar generation and potential overgeneration issues. An Unintended Consequence of Policy California has some of the most ambitious energy efficiency and renewable energy goals in the world. Investments in renewable energy and other clean energy […]

While admitting no wrongdoing or liability, Duke Energy reached an agreement with the U.S. government to resolve a lawsuit related to its acquisition of a Florida gas-fired power plant. The plant in question—Osprey Energy Center (Figure 1)—is a 537-MW two-unit combined cycle facility located in Auburndale, Fla., that Duke Energy purchased from Calpine Construction Finance […]

Strategic and Financial Highlights: Best-in-class commercial and industrial retail electricity provider in the U.S. Complements Calpine’s existing wholesale power generation footprint Approx. $700 million net cash deployed represents approx. 5x Adjusted EBITDA Highly free cash flow and credit accretive transaction October 09, 2016 07:10 PM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–Calpine Corporation (NYSE:CPN) announced today that […]

Geothermal technology, though over a century old, is constantly changing. Developments in mapping techniques have improved exploratory practices. Plant adaptations, such as hybrid technologies and the

Calpine Corp. will idle a 578-MW natural gas–fired combined cycle (CCGT) power plant in northern California for likely the remainder of the year. The Houston-headquartered company told POWER on January 15 that it will put the 2001-built Sutter Energy Center in Yuba City in “cold layup.” That means that while will the plant will not […]

All power generating companies and plant operators value reliability, but they may be paying too little attention to a critical variable: people. One million. That’s the approximate number of people in the sky over the U.S. as you read this article. Remarkably, all will land safely. Aviation achieves among the highest reliability of any industry. […]

Seven power producers have joined 74 other companies in signing on to the Obama administration’s American Business Act on Climate initiative, which is aimed at rallying U.S. companies behind the need for action on climate change ahead of international climate talks in Paris next month. The seven are Berkshire Hathaway Energy (BHE)—parent company of PacifiCorp, […]

Within the space of less than a week, four deals have been announced that will result in ownership changes at five power plants in the U.S. Northeast. Calpine Buys Another Gas Plant Calpine Corp. announced on Oct. 13 that it has agreed to acquire the Granite Ridge Energy Center, a 745-MW combined cycle gas-fired power […]

After years of stressing the conventional virtues of geothermal power production—reliable, baseload renewable energy from geological sources—the geothermal industry and the U.S. government are looking at ways technology can change the hot rocks game and give a boost to an often-overlooked resource. Legendary venture capitalist Vinod Khosla, who made a pile of money in information […]

Parts of Calpine Corp.’s The Geysers geothermal power complex have been severely damaged by a wildfire that has incinerated swathes of California.  One of the world’s largest geothermal facilities, the 725-MW Geysers complex sits on 45 square miles of land along the border of Sonoma and Lake Counties in Northern California. Calpine said at least […]

Calpine Corp. has its hands in two deals with large power companies—selling a plant to Duke Energy in Florida while buying a plant from Exelon Corp. in Massachusetts. On Aug. 25, Calpine announced that it has agreed to buy Exelon’s 809-MW Fore River Generating Station, which is located about 12 miles southeast of Boston, for […]