Otay Mesa Energy Center Commences Commercial Operation
October 21 2009 - 8:29AM
Business Wire
Calpine Corporation (NYSE:CPN) today announced that it has
successfully placed into service the newly constructed Otay Mesa
Energy Center (OMEC) near San Diego, California. The plant, with a
capacity of almost 600 megawatts, began commercial operation Oct. 3
and is generating electric power for customers of San Diego Gas
& Electric (SDG&E) under a 10-year tolling agreement for
the full output of the plant, giving SDG&E the ability to
dispatch power and ancillary services from the plant. SDG&E
also will supply natural gas to fuel the plant.
OMEC is a state-of-the-art, highly efficient, environmentally
responsible combined cycle power plant, fueled with natural gas and
fitted with advanced air emissions control equipment. In addition,
in a first-of-its-kind program dating back to the beginning of
construction, mobile emission reduction credits were created when
Calpine paid for retrofitting local marine vessels and sanitation
vehicles with vastly improved technology. These permanently retired
emissions more than offset emissions from the plant, resulting in a
net air quality benefit for the San Diego region. Finally, OMEC is
the largest air cooled power plant in the State of California,
conserving precious water by eliminating the need to use ground or
potable municipal water to cool recirculated steam.
“The Otay Mesa Energy Center demonstrates Calpine’s continuing
commitment to helping create a sustainable future for Californians
by building cleaner, more flexible power plants designed to meet
the reliability needs of the State’s electric consumers,” said
Calpine President and Chief Executive Officer Jack Fusco. “We are
most pleased to have SDG&E as our contract partner and look
forward to continuing our strong, long-term relationship.”
“The Otay Mesa Energy Center will play an important role in
our long-term energy resource plan that includes aggressive
energy efficiency programs, more renewable power, local generation
and new transmission lines,” said Debra L. Reed, President and
Chief Executive Officer of San Diego Gas & Electric. “We look
forward to the Otay Mesa Energy Center providing clean,
cost-effective and reliable energy to our customers for many years
to come.”
Support for Otay Mesa Energy Center
Calpine has received strong support for this project from the
local community to the highest level of State Government.
“In California we are leading the way to a brighter future with
more clean power, clean energy and clean technology, and it is
projects like this one that will help our state achieve our
ambitious environmental and energy goals,” said Governor Arnold
Schwarzenegger. “This new state-of-the-art facility is great news
because it means almost 600 megawatts of clean and reliable energy
coming on line for the people of California.”
“This project helps meet the growing electricity needs of the
San Diego region with new, clean gas-fired generation,” stated
Michael R. Peevey, President – California Public Utilities
Commission. “This project and others like it help the state meet
its energy needs in a balanced way as we ramp up our commitment to
renewable projects like solar, wind and geothermal, coupled with
baseload power such as Otay Mesa.”
“Otay Mesa is the right power plant in the right place to
provide cleaner, reliable power to the San Diego region,” said
California ISO Vice President - Operations, Jim Detmers. “It’s a
stable source of power in a location that will help integrate
intermittent wind and solar power plants also planned for the
region.”
Calpine’s Commitment to California
Calpine has built and operated power plants in the State of
California for 25 years and prides itself in developing innovative
and environmentally responsible energy solutions for the people of
California. The Otay Mesa Energy Center will increase Calpine’s
California portfolio to 36 power plants and more than 5,800
megawatts including 725 megawatts of renewable geothermal energy.
Calpine’s geothermal facilities at The Geysers supply about 20
percent of California’s renewable electric generation. Taken as a
whole, Calpine’s projects produce enough electricity to satisfy the
power needs of more than six million California households.
About Calpine
Calpine Corporation is helping meet the needs of an economy that
demands more and cleaner sources of electricity. Founded in 1984,
Calpine is a major U.S. power company, currently capable of
delivering nearly 25,000 megawatts of clean, cost-effective,
reliable and fuel-efficient electricity to customers and
communities in 16 states in the United States and Canada. Calpine
owns, leases, and operates low-carbon, natural gas-fired, and
renewable geothermal power plants. Using advanced technologies,
Calpine generates electricity in a reliable and environmentally
responsible manner for the customers and communities it serves.
Please visit www.calpine.com for more information.
Forward-Looking Information
In addition to historical information, this release contains
forward-looking statements within the meaning of 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"
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 December 31, 2008. These filings are
available by visiting the Securities and Exchange Commission's web
site at www.sec.gov or Calpine's web site at www.calpine.com.
Actual results or developments may differ materially from the
expectations expressed or implied in the forward-looking
statements, and Calpine undertakes no obligation to update any such
statements.
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