Calpine

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 […]