Dive Summary:
- Calpine Corp. announced that it will buy a natural gas-fired power plant in central Texas for $432 million; the company already operates 91 plants in 20 states and Canada.
- The 800-meagwatt plant is currently owned by Bosque Power Co. LLC and the $432 million sale price will eventually include unspecified adjustments, but the exact cost of those specifications is currently unknown.
- The plant is part of a 280-acre facility that includes a 250 MW unit with one natural gas turbine and a 550 MW until with two gas turbines.
From the article:
Calpine Corp. said Thursday that it will buy a natural gas-fired power plant in Texas for about $432 million to boost its presence in a state where the supply of surplus power is shrinking.
Calpine is buying the 800-megawatt plant near Laguna Park in central Texas from Bosque Power Co. LLC. Calpine said it will use cash on hand for the deal, which it expects to close in early November. ...