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 Northeast region of the U.S. The company’s portfolio consists of two types of power generation technologies, natural gas-fired combustion turbines, which are primarily efficient combined-cycle plants; and renewable geothermal conventional steam turbines. The company owns and operates industrial gas turbines, as well as 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 primarily natural gas and some fuel oil as fuel for its power plants and engages in related natural gas transportation and storage transactions. The company purchases electric transmission rights to deliver power to its customers. The company’s portfolio, including partnership interests, consists of 88 power plants, including 1 under construction, located throughout 18 states in the U.S. and in Canada, with an aggregate generation capacity of 26,548 megawatts and 309 megawatts under construction. Its fleet, including projects under construction, consists of 71 natural gas-fired combustion turbine-based plants, 1 fuel oil-fired steam-based plant, 15 geothermal steam turbine-based plants and 1 photovoltaic solar plant. In 2014, the company’s fleet of power plants produced approximately 103 billion kilowatt hours of electric power for its customers. In 2014, the company consumed 793 billion cubic feet or approximately 10% of the total estimated natural gas consumed for power generation in the U.S. Strategy The key elements of the company’s strategy include focusing on remaining a premier operating company; focusing on managing and growing its portfolio; focusing on its customer-oriented origination business; focusing on advocacy and corporate responsibility; all of which culminate in; and focusing on enhancing shareholder value. Natural Gas-Fired Fleet The company’s natural gas-fired power plants primarily utilize two types of designs: 2,431 megawatts of simple-cycle combustion turbines and 22,663 megawatts of combined-cycle combustion turbines and a small portion from conventional natural gas/oil-fired boilers with steam turbines. At 17 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 megawatts fleet of 15 operating power plants in northern California. The company has leasehold mineral interests in 107 leases consisting of 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 consists of 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 include 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 725 megawatts of capacity from power plants, which have conventional steam turbine technology. It also has approximately 4 megawatts of capacity from solar power generation technology at its Vineland Solar Energy Center in New Jersey. 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. History Calpine Corporation was founded in 1984.
calpine corp (CPN:New York)
717 Texas Avenue
Houston, TX 77002
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