Calpine Completes Sale of Broad River Energy Center to Energy Capital Partners LLC

Thu Dec 27, 2012 1:44pm EST

* Reuters is not responsible for the content in this press release.

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20121227:nBw275474a

HOUSTON--(Business Wire)--
Calpine Corporation (NYSE:CPN) today completed the sale of the Broad River
Energy Center to Broad River Power LLC, an affiliate of Energy Capital Partners
LLC, for $427 million plus adjustments, or approximately $504 per kilowatt. 

Located in Gaffney, South Carolina, the Broad River Energy Center is an 847
megawatt simple-cycle, natural gas-fired power plant. It began commercial
operations in June 2000 and has two long-term power contracts with Carolina
Power & Light Co., a subsidiary of Duke Energy Corp. 

Calpine announced the planned transaction when it reported its third-quarter
earnings in November 2012, and the sale was approved by the Federal Energy
Regulatory Commission on December 18. 

About Calpine

Calpine Corporation generates more electricity than any other independent power
producer in America, with a fleet of 93 power plants in operation or under
construction, representing approximately 28,000 megawatts of generation
capacity. Serving customers in 20 states and Canada, we specialize in
developing, constructing, owning and operating natural gas-fired and renewable
geothermal power plants that use advanced technologies to generate power in a
low-carbon and environmentally responsible manner. Our clean, efficient, modern
and flexible fleet is uniquely positioned to benefit from the secular trends
affecting our industry, including the abundant and affordable supply of clean
natural gas, stricter environmental regulation, aging power generation
infrastructure and the increasing need for dispatchable power plants to
successfully integrate intermittent renewables into the grid. We focus on
wholesale competitive power markets and advocate for market-driven solutions
that create transparent forward price signals for investors. Please visit
www.calpine.com to learn more about why Calpine is a generation ahead - today. 

Forward-Looking Information

In addition to historical information, this release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Words such as "believe," "intend," "expect," "anticipate," "plan," "may," "will"
and similar expressions identify forward-looking statements. Such statements
include, among others, those concerning expected financial performance and
strategic and operational plans, as well as assumptions, expectations,
predictions, intentions or beliefs about future events. You are cautioned that
any such forward-looking statements are not guarantees of future performance and
that a number of risks and uncertainties could cause actual results to differ
materially from those anticipated in the forward-looking statements. Please see
the risks identified in this release or in Calpine`s reports and registration
statements filed with the Securities and Exchange Commission, including, without
limitation, the risk factors identified in its Annual Report on Form 10-K for
the year ended Dec. 31, 2011. These filings are available by visiting the
Securities and Exchange Commission`s website at www.sec.gov or Calpine`s website
at www.calpine.com. Actual results or developments may differ materially from
the expectations expressed or implied in the forward-looking statements, and
Calpine undertakes no obligation to update any such statements.

Calpine Corporation
Media Relations:
Norma F. Dunn, 713-830-8883
norma.dunn@calpine.com
or
Investor Relations:
Bryan Kimzey, 713-830-8775
bryan.kimzey@calpine.com



Copyright Business Wire 2012
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.