Calpine Supports EPA Clean Power Plan
August 03 2015 - 3:10PM
Business Wire
The Environmental Protection Agency’s (EPA’s) release of the
Clean Power Plan represents a seminal moment for the power
generation industry. Based on statements by President Obama and the
EPA, it appears the plan mandates significant but achievable CO2
emissions reductions while giving the states broad discretion in
how to achieve those goals. Specifically, the plan provides a
framework that will allow states to adopt a market-based approach
to achieving reductions, easing the states’ burden while allowing
market economics to decide the best mix of generation resources to
achieve the goal. Importantly, these emissions reductions will be
realized in a manner that ensures continued affordable and reliable
electricity. Calpine Corporation (NYSE:CPN) believes the plan, as
broadly described, is a workable and achievable approach to control
CO2 emissions that will benefit generations to come.
“The Clean Power Plan represents a commitment to continuing the
transition from carbon-intensive generation to efficient,
low-carbon generation,” said Thad Hill, President and Chief
Executive Officer of Calpine. “This flexible, market-based solution
will reward the companies that invest and have invested smartly in
cleaner generation. We applaud the EPA for its efforts throughout
this collaborative process and look forward to working with the
agency, states and other stakeholders as the rule is ultimately
implemented.”
Calpine believes that a strong commitment to environmentally
responsible electrical generation is a key element to achieving our
vision of being the premier power generation company in the United
States. As the nation’s largest generator utilizing natural gas,
our portfolio of assets is well positioned to help achieve these
emissions reductions and sustain reliable integration of
renewables.
“Given our long-standing advocacy and support for environmental
stewardship,” Hill said, “I am happy to say that our modern and
efficient fleet of gas fired and renewable generation stands ready
to help meet the growing needs of the nation’s electric market in
an environmentally responsible way.”
About Calpine
Calpine Corporation is America’s largest generator of
electricity from natural gas and geothermal resources. Our fleet of
83 power plants in operation or under construction represents
nearly 27,000 megawatts of generation capacity. Serving customers
in 18 states and Canada, we specialize in developing, constructing,
owning and operating natural gas-fired and renewable geothermal
power plants that use advanced technologies to generate power in a
low-carbon and environmentally responsible manner. Our clean,
efficient, modern and flexible fleet is uniquely positioned to
benefit from the secular trends affecting our industry, including
the abundant and affordable supply of clean natural gas, stricter
environmental regulation, aging power generation infrastructure and
the increasing need for dispatchable power plants to successfully
integrate intermittent renewables into the grid. We focus on
competitive wholesale power markets and advocate for market-driven
solutions that result in nondiscriminatory forward price signals
for investors. Please visit www.calpine.com to learn more about why
Calpine is a generation ahead – today.
Forward-Looking Information
In addition to historical information, this release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Words such as
“believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,”
“should,” “estimate,” “potential,” “project” and similar
expressions identify forward-looking statements. Such statements
include, among others, those concerning expected financial
performance and strategic and operational plans, as well as
assumptions, expectations, predictions, intentions or beliefs about
future events. You are cautioned that any such forward-looking
statements are not guarantees of future performance and that a
number of risks and uncertainties could cause actual results to
differ materially from those anticipated in the forward-looking
statements. Please see the risks identified in this release or in
Calpine’s reports and registration statements filed with the
Securities and Exchange Commission, including, without limitation,
the risk factors identified in its Annual Report on Form 10-K for
the year ended Dec. 31, 2014. These filings are available by
visiting the Securities and Exchange Commission’s website at
www.sec.gov or Calpine’s website at www.calpine.com. Given the
risks and uncertainties surrounding forward-looking statements, you
should not place undue reliance on these statements. Many of these
factors are beyond our ability to control or predict. Our
forward-looking statements speak only as of the date of this
release. Actual results or developments may differ materially from
the expectations expressed or implied in the forward-looking
statements, and, other than as required by law, Calpine undertakes
no obligation to update any such statements, whether as a result of
new information, future events, or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20150803006210/en/
CalpineMedia Relations:Brett Kerr,
713-830-8809brett.kerr@calpine.comorInvestor
Relations:Bryan Kimzey,
713-830-8775bryan.kimzey@calpine.com
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