Oct 4 Calpine Corp, the largest U.S.
independent power generator, said it will buy an 800-megawatt
power plant from Bosque Power Co LLC for $432
million plus adjustments, boosting its capacity in power-hungry
The 280-acre plant, located in Central Texas in Bosque
County, comprises two generating blocks powered by natural gas.
In April, Calpine said it will add more than 500 megawatts
in Texas by the summer of 2014 to help avoid rolling outages.
Texas faces the risk of running out of power reserves -- the
minimum generation capacity needed to cushion against extreme
weather or unplanned outages.
The Houston-based company expects to close the deal in early
November and plans to fund it with cash on hand.
Shares of the company, valued at $8.28 billion, closed at
$17.75 on the New York Stock Exchange on Wednesday.