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Company Description

Contact Info

717 Texas Avenue

Suite 1000

Houston, TX 77002

United States

Phone: 713-830-2000

Fax:

Calpine Corporation operates as a wholesale power producer with operations throughout the U.S. The company owns and operates primarily natural gas-fired and geothermal power plants in North America and has a presence in wholesale power markets in California, Texas, and the Mid-Atlantic region of the U.S. The company’s portfolio primarily includes two types of power generation technologies, such as natural gas-fired combustion turbines, which are primarily combined-cycle plants and renewable geothermal conventional steam turbines. The company also owns and operates industrial gas turbines and cogeneration power plants. The company sells wholesale power, steam, capacity, renewable energy credits, and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers, and others. The company purchases natural gas and fuel oil as fuel for its power plants, and engages in related natural gas transportation and storage transactions. It also purchases electric transmission rights to deliver power to its customers. The company’s portfolio, including partnership interests, consists of 93 power plants, including 3 under construction (1 new power plant and 2 expansions of existing power plants), located throughout 20 states in the U.S. and Canada, with an aggregate generation capacity of 28,104 megawatts (MW) and 699 MW under construction. Its fleet, including projects under construction, consists of 75 combustion turbine-based plants, 2 fossil steam-based plants, 15 geothermal turbine-based plants and 1 photovoltaic solar plant. In 2013, the company’s fleet of power plants produced approximately 104 billion kilowatt hours of electric power for its customers. Natural Gas-Fired Fleet The company’s natural gas-fired power plants primarily utilize two types of designs: 2,465 MW of simple-cycle combustion turbines and 24,027 MW of combined-cycle combustion turbines and a small portion from conventional natural gas/oil-fired boilers with steam turbines. At 19 of its power plants, the company also produces thermal energy (primarily steam and chilled water), which can be sold to industrial and governmental users. These plants are called combined heat and power facilities. Geothermal Fleet The company’s Geysers Assets are a 725 MW fleet of 15 operating power plants in northern California. The company has leasehold mineral interests in 108 leases comprising approximately 29,000 acres of federal, state and private geothermal resource lands in The Geysers region of northern California. The company’s leases cover one contiguous area of property that comprises approximately 45 square miles in the northwest corner of Sonoma County and southeast corner of Lake County. In addition, the company holds 40 geothermal leases comprising approximately 43,840 acres of federal geothermal resource lands in the Glass Mountain area in northern California, which is separate from The Geysers region. Other Power Generation Technologies: The company has various technologies, including approximately 883 MW of capacity from power plants, which have conventional steam turbine technology. It also has approximately 4 MW of capacity from solar power generation technology at its Vineland Solar Energy Center in New Jersey. Strategy Key elements of the company’s strategy include focusing on remaining a premier operating company; focusing on utilizing three scale regions; evaluating opportunities to develop approximately 1,000 MW in the PJM Interconnection market area; and focusing on customer-oriented origination business. Governmental and Regulatory Matters The company is subject to complex and stringent energy, environmental and other laws and regulations at the federal, state and local levels, as well as within the Regional Transmission Organization and Independent System Operator markets in which it participates in connection with the development, ownership, and operation of its power plants. The company operates seven power plants in Texas and one in California that are located within a designated nonattainment area subject to Section 185. The majority of its power plants are subject to the U.S. Federal Energy Regulatory Commission (FERC) jurisdiction, however, certain power plants qualify for available exemptions. One of the company’s natural gas transportation pipelines in Texas is subject to dual jurisdiction by the FERC and the Texas Railroad Commission. This pipeline is an intrastate pipeline within the meaning of Section 2(16) of the Natural Gas Policy Act. The company also operates a proprietary pipeline system in California, which is regulated by the U.S. Department of Transportation and the Pipeline and Hazardous Materials Safety Administration with regard to safety matters. Significant Events In July 2014, Calpine Corp. announced plans for York 2 Energy Center, a new 760 MW combined-cycle power plant, scheduled to achieve commercial operations in PJM in 2017. History Calpine Corporation was founded in 1984.

 

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