Wisconsin Power and Light Company Exercises Option to Purchase Riverside Energy Center

Friday May 18th 2012 08:00:00 AM

600MW combined cycle natural gas facility is located in Beloit, WI MADISON, Wis. & HOUSTON--(BUSINESS WIRE)--May. 18, 2012-- Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy Corporation (NYSE:LNT), announced today that it exercised its option to purchase Riverside Energy Center, LLC, which owns the Riverside Energy Center, from Calpine Corporation (NYSE:CPN). The Riverside Energy Center (Riverside) is a 600MW combined cycle natural gas-fired electric generating facility located in Beloit, Wisconsin. It began operation in 2004. WPL currently has a purchase power agreement for approximately 500MW from Riverside. Under that agreement, WPL has the option to purchas...

Calpine Executes Contracts for Sutter Energy Center With California Utilities

Monday May 7th 2012 07:02:00 AM

HOUSTON, May 07, 2012 (BUSINESS WIRE) --Calpine Corporation (NYSE:CPN) announced today that it has executed Resource Adequacy contracts (RA contracts) with California's three investor-owned utilities - Pacific Gas and Electric Company, Southern California Edison Company and San Diego Gas and Electric Company (the Utilities) - for the purchase of resource adequacy from the Sutter Energy Center (Sutter) for the period from July 1 through December 31, 2012. The RA contracts will enable Sutter to continue in operation as the California Public Utilities Commission (the Commission) moves forward in developing long-term capacity procurement policies to ensure modern, existing resources remain avail...

Calpine Reports First Quarter 2012 Results, Raises 2012 Guidance

Friday April 27th 2012 06:02:00 AM

Summary of First Quarter 2012 Financial Results (in millions): Three Months Ended March 31, 2012 2011 % Change Operating Revenues $ 1,236 $ 1,499 (17.5 ) % Commodity Margin $ 517 $ 489 5.7 % Adjusted EBITDA $ 325 $ 303 7.3 % Adjusted Recurring Free Cash Flow $ (27 ) $ (21 ) Net Loss1 $ (9 ) $ (297 ) Net Loss, As Adjusted2 $ (65 ) $ (110 ) Raising 2012 Full Year Guidance: Prior Guidance ...

Calpine to Announce First Quarter 2012 Results on April 27, 2012

Thursday March 29th 2012 08:00:00 AM

HOUSTON--(BUSINESS WIRE)--Mar. 29, 2012-- Calpine Corporation (NYSE:CPN) announced today that it plans to release first quarter 2012 financial results on Friday, April 27, 2012 before the opening of the New York Stock Exchange. Management will present the results during an investor call scheduled for 10:00 a.m. Eastern Time / 9:00 a.m. Central Time on April 27. A listen-only webcast of the call may be accessed through the Company’s website at www.calpine.com, or by dialing (800) 447-0521 in the United States or (847) 413-3238 outside the United States. The confirmation code is 32033908. Please call in ten to fi...

Calpine Carville Contract Receives Regulatory Approval

Friday March 23rd 2012 07:58:00 AM

Calpine's Carville Energy Center to Provide 485 MWs of Electricity HOUSTON--(BUSINESS WIRE)--Mar. 23, 2012-- The Louisiana Public Service Commission has approved Entergy Gulf States Louisiana, L.L.C.'s participation in a 10-year power purchase agreement (PPA) between Calpine Corporation's (NYSE:CPN) Calpine Energy Services, L.P. subsidiary and Entergy Texas, Inc. Under the PPA, Calpine's Carville Energy Center will provide 485 megawatts of power to Entergy Texas, which will sell at cost one-half of the power purchased to Entergy Gulf States Louisiana through a separate agreement. Calpine Energy Services and Entergy Texas entered into the PPA in May 2011. The regulatory approval and Enter...

California PUC Approves Resolution Regarding Sutter Energy Center

Thursday March 22nd 2012 05:06:00 PM

DUBLIN, Calif.--(BUSINESS WIRE)--Mar. 22, 2012-- The California Public Utilities Commission (CPUC) today approved a resolution ordering California's three investor-owned utilities to negotiate to enter a contract with Calpine Corporation's (NYSE:CPN) Sutter Energy Center (Sutter) within the next 30 days. In taking this action, the CPUC acknowledged that Sutter's capacity and operational flexibility will be needed for system reliability in coming years. Located near Yuba City, Sutter is one of the state's newest and cleanest natural gas-fired power plants. This modern, efficient, ultra-low water consumption, combined-cycle power generation facility has the capacity to produce up to 578 mega...

Western Farmers Electric Cooperative to Purchase Capacity and Power from Calpine’s Oneta Energy Center from 2014-2035

Monday March 5th 2012 01:11:00 PM

HOUSTON--(BUSINESS WIRE)--Mar. 5, 2012-- Calpine Corporation (NYSE:CPN) has agreed to supply Western Farmers Electric Cooperative (WFEC) with electric generation capacity and power from Calpine’s Oneta Energy Center (OEC) from June 1, 2014, through 2035. Under the contract, WFEC initially will purchase 160 megawatts of Oneta’s capacity, and that amount will increase in increments up to a maximum of 280 megawatts in 2019-2035. The purchase of this capacity gives WFEC the right to call on OEC for energy production from that capacity for an additional charge reflecting variable production costs. The clean, modern and hig...

Calpine Reports Fourth Quarter and Full Year 2011 Results, Tightens 2012 Guidance

Friday February 10th 2012 06:00:00 AM

Summary of 2011 Financial Results (in millions):   Three Months Ended December 31,     Year Ended December 31, 2011     2010     % Change 2011     2010     % Change   Operating Revenues $ 1,459 $ 1,471 (0.8 ) % $   6,800 $   6,545 3.9 % Commodity Margin $ 553 $ 576 (4.0 ) % $ 2,474 $ 2,391 3.5 % Adjusted EBITDA $ 379 $ 386 (1.8 ) % $ 1,726 ...

Calpine Warns of Negative Consequences If Environmental Restrictions on Emergency Diesel Generators Are Eased for “Demand Response” Resources

Friday February 3rd 2012 01:40:00 PM

HOUSTON--(BUSINESS WIRE)--Feb. 3, 2012-- Calpine Corporation (NYSE:CPN) today filed comments with the U.S. Environmental Protection Agency (EPA) objecting to a proposed settlement agreement between the EPA and a group of Demand Response (DR) providers that would allow emergency backup diesel generators to quadruple their allowed operating hours without having to install appropriate air emissions controls. The proposed settlement would resolve a pending federal judicial appeal of EPA regulations regarding the National Environmental Standards for Hazardous Air Pollutants (NESHAP) for Reciprocating Internal Combustion Engines (RICE). “People tend to think of DR as a clean alternative to fossi...

Calpine to Announce Fourth Quarter and Full Year 2011 Results on February 10, 2012

Tuesday January 10th 2012 10:52:00 AM

HOUSTON--(BUSINESS WIRE)--Jan. 10, 2012-- Calpine Corporation (NYSE:CPN) announced today that it plans to release fourth quarter and year-end 2011 financial results on Friday, February 10, 2012, before the opening of the New York Stock Exchange. Management will present the results during an investor call scheduled for 11 a.m. Eastern Time / 10 a.m. Central Time on February 10. A listen-only webcast of the call may be accessed through the Company’s website at www.calpine.com, or by dialing (800) 447-0521 in the United States or (847) 413-3238 outside the United States. The confirmation code is 31536947. Please c...