Calpine Signs Long-Term Agreement With Group of Electric Cooperatives
Posted on: Wednesday, 23 January 2008, 03:00 CST
Calpine has signed a five and a half-year agreement with a group of Georgia electric cooperatives to sell the full output of its 225MW Santa Rosa Energy Center, effective July 1, 2009.
Calpine had temporarily suspended operations of the Pace, Florida-based natural gas power plant in 2005. Calpine has fully restored operations of the Santa Rosa facility to supply the company's existing five-year agreement with the seven-member electric cooperative group.
The Santa Rosa Energy Center entered operations in June 2003. The plant's advanced combined-cycle design allows Santa Rosa to efficiently generate electricity, making it an economically competitive energy resource.
Robert May, CEO of Calpine, said: "The Georgia Cooperatives are valued customers, and we look forward to continuing to deliver dependable and cost-effective electricity for their growing membership. It is gratifying to know that a once under-utilized asset is providing a needed energy resource for the cooperatives and the Southeastern power market."
Source: Datamonitor
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