Independent power company Calpine Corp. of San Jose, CA,completed its acquisition of 80% of Cogeneration Corp. of America’s(CGCA) common stock for about $146 million. The deal growsCalpine’s gas-fired power production by 20% to 2,476 net megawattsof capacity.

“This acquisition significantly increases Calpine’s naturalgas-fired portfolio and extends our reach into three new markets aswe continue to acquire and develop competitive energy centersacross the nation,” said Calpine Vice President John King.

Calpine gains an ownership interest in six gas-fired facilities— totaling approximately 580 megawatts and has assumed operationsof four of the plants. NRG Energy Inc., a wholly owned subsidiaryof Northern States Power, will retain the remaining 20% interest inCGCA.

Calpine adds 400 net megawatts to its portfolio and enters threepower markets. In the eastern Pennsylvania-New Jersey-Marylandmarket, in which Calpine is developing a 545-megawatt gas-firedfacility, the company has secured interests in four gas-firedfacilities. The Morris, IL, facility provides Calpine with anentree into the Mid-Atlantic Interconnect Network, where thecompany now has a 50-megawatt block of power to sell into themidwestern wholesale market. Calpine’s third new market is theSouthwest Power Pool where it can now sell 100 megawatts ofnon-firm energy from its Pryor, OK, plant into the market severalyears in advance of any new generation entering the region.

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