Calpine

For the town in California, see Calpine, California.

[1]

Calpine Corporation (NYSE:CPN)
Public
Traded as NYSE: CPN
Founder Peter Cartwright
Headquarters Calpine Center
Houston, Texas
, United States
Website www.calpine.com

Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources. A Fortune 500 company based in Houston, Texas, the company’s stock trades on the New York Stock Exchange under the symbol CPN. Its fleet of 82 power plants in operation or under construction represents nearly 27,000 megawatts of generation capacity. Through wholesale power operations and its retail business, Champion Energy, Calpine serves customers in 20 states and Canada.[1][2]

The company specializes in developing, constructing, owning and operating natural gas-fired and renewable geothermal power plants. In 2014, while M.J. Bradley & Associates ranked Calpine as the nation’s eighth largest power producer, it ranked the company 77th, 79th and 70th with regard to emissions of SO2, NOx and CO2, respectively, with no mercury emissions in its gas-fired fleet.[3] These results reflect efficient operation of a modern fleet with no coal-fired generation.

Calpine’s predominantly gas-fired fleet also benefits from the nations’ abundant and affordable supply of natural gas and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid. The company advocates for responsible environmental regulation, competitive wholesale power markets and market-driven solutions that result in nondiscriminatory forward price signals for investors.[4]

History

In response to the 1973 oil crisis and the 1979 energy crisis, much legislation was passed that made domestic energy production an attractive enterprise. In 1984, Peter Cartwright and four of his co-workers, the Guy F. Atkinson Construction Company of South San Francisco, and the Electrowatt corporation struck an investment arrangement, and Calpine was born with initial capital of US$1 million. It was essentially a Silicon Valley startup company. The name "Calpine" is derived from the company's original California location and alpine, a reference to the Zürich home base of Electrowatt. Calpine is the largest generator of electricity from natural gas and geothermal resources in the United States.

Operations

As of 2016, the directors of Calpine are Board Chairman Frank Cassidy, CEO Thad Hill, Laurie Brlas, Jack A. Fusco, Michael W. Hoffmann, David C. Merritt, W. Benjamin Moreland, Robert A. Mosbacher, Jr., and Denise M. O'Leary. The executive leadership team includes President/CEO Thad Hill, EVP/Chief Legal Officer Thad Miller, EVP/Chief Financial Officer Zamir Rauf, EVP/Chief Commercial Officer Trey Griggs and EVP/Power Operations Charlie Gates.

References

  1. 1 2 Calpine.com, multiple pages. Retrieved October 28, 2016.
  2. Calpine Corporation quarterly and annual reports, 2008-2016: http://investor.calpine.com/investor-relations/financial-reporting/annual-reports/default.aspx. Retrieved October 28, 2016
  3. M. J. Bradley & Associates. Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States. May 2014.
  4. Calpine Corporate press releases, http://investor.calpine.com/investor-relations/news-releases/default.aspx. Multiple dates. Retrieved October 28, 2016.
  5. "Calpine, Form 8-K, Current Report, Filing Date May 24, 1999". secdatabase.com. Retrieved Mar 19, 2013.
  6. A Colossal Failure of Common Sense, Lawrence G McDonald, Patrick Robinson, Crown (Random House), 2009, p99-p105, 154
  7. 1 2 "Calpine, Form 8-K, Current Report, Filing Date Dec 1, 2005". secdatabase.com. Retrieved Mar 19, 2013.
  8. "Calpine Chapter 11 Petition" (PDF). PacerMonitor. PacerMonitor. Retrieved 9 June 2016.
  9. "Calpine, Form 8-K, Current Report, Filing Date Dec 23, 2005". secdatabase.com. Retrieved Mar 19, 2013.
  10. "Calpine, Form 8-K, Current Report, Filing Date Apr 21, 2010" (PDF). secdatabase.com. Retrieved Mar 19, 2013.
  11. http://phx.corporate-ir.net/phoenix.zhtml?c=103361&p=irol-newsArticle&ID=1443628&highlight=
  12. http://investor.calpine.com/news/press-release-details/2016/Calpine-to-Acquire-Noble-Americas-Energy-Solutions-Significantly-Enhancing-Retail-Energy-Platform/default.aspx

External links

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