April 5, 2010 / 2:26 PM / 7 years ago

UPDATE 1-Xcel Energy to buy Calpine's Denver plants for $739 mln

* To buy two plants of combined capacity 931 mw

* Says plants can power 700,000 Colorado households

April 5 (Reuters) - Power company Xcel Energy Inc’s (XEL.N) unit Public Service Company of Colorado (PSCo) will buy two of peer Calpine Corp’s (CPN.N) Denver plants for $739 million.

The plants are the 621-megawatt Rocky Mountain Energy Center and the 310-megawatt Blue Spruce Energy Center. They currently provide power to PSCo under power purchase agreements.

The plants can collectively power about 700,000 Colorado households, the companies said in a statement.

Shares of both Minneapolis-based Xcel and Houston based-Calpine were up marginally at $21.47 and $12.07 respectively in Monday morning trade on the New York Stock Exchange. (Reporting by Krishna N. Das in Bangalore; Editing by Unnikrishnan Nair)

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