8.9.2007: Meldung: Calpine Corporation: Five-Year Contract With TVA
Thursday September 6, 12:05 pm ET
New Energy Agreement to Supply Power to TVA
SAN JOSE, Calif. and HOUSTON, Sept. 6 -- Calpine Corporation announced today it has signed a five-year tolling agreement, effective September 1, 2007, with the Tennessee Valley Authority (TVA) to sell the full output of the company"s Decatur Energy Center located in Decatur, Ala. Under terms of the tolling agreement, TVA supplies natural gas to fuel the plant and Calpine delivers up to approximately 770 megawatts of electricity to TVA.
"TVA is a valued customer of Calpine," stated Calpine Chief Executive Officer Robert P. May. "We are pleased that our Decatur Energy Center will continue to provide a clean, dependable and economical energy supply source to TVA."
As part of its new agreement with TVA, Calpine is providing TVA with full dispatch rights of the power plant, including Automated Generation Control, to provide power to its system as needed.
In operation since 2002, Calpine"s Decatur Energy Center is one of the nation"s cleanest and most fuel-efficient natural gas energy resources. Its combined-cycle design enables Calpine to generate electricity 40% more efficiently than older technology power plants, making it a preferred low-carbon energy resource. Through the use of advanced emissions control, the plant emits 93-percent less smog-producing nitrogen oxides than the average U.S. fossil-fueled power plant.
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, capable of delivering more 24,600 megawatts of clean, cost-effective, reliable and fuel-efficient electricity to customers and communities in 18 states in the U.S. The company 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 http://www.calpine.com for more information.
Source: Calpine Corporation