19.10.2004: Meldung: Calpine and Newmarket Enter Energy Services Agreement

Calpine Corporation"s wholly owned subsidiary, Calpine Energy Services (CES), has been selected to provide energy services for Newmarket Services Company, LLC (Newmarket). Newmarket is a newly formed subsidiary of MMC Energy, LLC and Morris Energy Group, LLC. CES will provide a full range of energy services on behalf of Newmarket, including fuel management, power marketing and gas supply, for Newmarket"s gas-fired, cogeneration power plants in New Jersey.

Andrew Slocum, vice president-merchant services, states, "Calpine Energy Services is excited to provide Newmarket with one-stop shopping for its energy services. We bring Newmarket years of experience in every aspect of gas-fired, cogeneration. Our goal is to help Newmarket benefit from what we do best -- help customers get reliable performance and enhance their bottom line."

As agent for Newmarket, CES will provide a full range of energy services, including daily energy and gas management (such as bidding, scheduling and ancillary services), transmission analysis, and risk management and reporting. CES now manages Newmarkets" 165-megawatt Bayonne, 145-megawatt Camden and 130-megawatt Newark Bay power plants.

MMC Energy, LLC is a New York- and London-based energy merchant bank and asset management company. MMC was formed by a group of experienced energy industry executives with a balance of hands-on operations, risk management, finance, and restructuring skills. MMC"s objectives are to acquire, control, restructure and manage a sizable portfolio of deep value power and natural gas assets, including associated fuel contracts in North America and Europe. (http://www.mmcenergy.com/).

Morris Energy Group, based in Morristown, NJ, is a privately held electricity company. Founded in 2002, MEG is growing through the acquisition of generating facilities and other electricity-related companies in the United States.

Calpine"s Energy Services

Beginning in 1999, with a unique vision for managing merchant generation risk, Calpine built a scalable infrastructure of people, systems, and processes that is today recognized as a leader in the energy services industry. Today, CES manages power and gas assets for a wide range of customers which, when combined, represent one of the largest unregulated energy portfolios in North America. As an energy management services provider, CES assists customers with commercial services such as trading and physical liquidation of power and gas assets, operational services including scheduling and settlements, and a variety of other customized energy management solutions.

Calpine Corporation

Calpine Corporation, celebrating its 20th year in power, is a North American power company dedicated to providing electric power to customers from clean, efficient, natural gas-fired and geothermal power plants. The company generates power at plants it owns or leases in 21 states in the United States, three provinces in Canada and in the United Kingdom. The company, founded in 1984, is listed on the S&P 500 and was named FORTUNE"s 2004 Most Admired Energy Company. Calpine is publicly traded on the New York Stock Exchange under the symbol CPN. For more information, visit http://www.calpine.com/.

This news release discusses certain matters that may be considered "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, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to, (i) the timing and extent of deregulation of energy markets and the rules and regulations adopted on a transitional basis with respect thereto; (ii) the timing and extent of changes in commodity prices for energy, particularly natural gas and electricity; (iii) unscheduled outages of operating plants; (iv) a competitor"s development of lower cost generating gas-fired power plants; (vi) risks associated with marketing and selling power from power plants in the newly-competitive energy market; and (vii) other risks identified from time-to-time in the Company"s reports and registration statements filed with the SEC, including the risk factors identified in its Annual Report on Form 10-K/A for the year ended December 31, 2003 and in its Quarterly Report on Form 10-Q/A for the quarter ended June 30, 2004, which can also be found on the Company"s website at http://www.calpine.com/. All information set forth in this news release is as of today"s date, and the Company undertakes no duty to update this information.

Source: Calpine Corporation
Aktuell, seriös und kostenlos: Der ECOreporter-Newsletter. Seit 1999.
Nach oben scrollen
ECOreporter Journalistenpreise