Combined Cycle, Gas, New Projects

Calpine completes purchase of natural gas-fired power plant in Texas

Calpine Corp. (NYSE: CPN) completed the acquisition from Bosque Power Co. LLC of an 800 MW natural gas-fired, combined-cycle power plant located in Bosque County, Texas. Calpine purchased the plant for $432 million plus adjustments, or $540 per kilowatt.

Upon purchase, Calpine changed the name of the merchant plant to the Calpine Bosque Energy Center. The Bosque Energy Center comprises two generation blocks: A 250 MW block with one natural-gas turbine, one heat-recovery steam generator and one steam turbine that achieved commercial operations in June 2001 and a 550 MW block with two natural-gas turbines that went online in June 2000 as well as two heat-recovery steam generators and one steam turbine that achieved commercial operations in June 2011.

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