Two Southeast Power Houses Join Forces in $14B Merger

Florida-based FPL Group Inc., the largest power company in oneof the fastest growing states, has agreed to buy New Orleans-basedEntergy Corp. for $13.9 billion in stock and assumed debt to formthe largest utility in the United States. When the deal is done,the new company will serve 6.3 million customers and have acombined generating capacity of more than 48,000 MW.

August 1, 2000

SMUD Inks Power Supply Deal with Calpine

One of the nation’s largest and fastest growing municipalutilities, the Sacramento Municipal Utility District (SMUD) Tuesdaysigned a multi-million-dollar five-year deal for 150 MW ofpurchased power from Calpine Corp. Terms of the agreement werebeing kept confidential. The deal starts in the summer of 2001when Calpine’s first new natural gas-fired merchant generationplants in Sutter County begins operations about 50 miles north ofSacramento in northern California. Now under construction, theSutter plant is the first of a series that Calpine and othermerchant generators are planning to build in California over thenext five to ten years.

January 19, 2000

Big IPP Calpine Tackling Gas Management

One of the nation’s fastest growing nonutility power plantdeveloper/operators, Calpine Corp., San Jose, CA, is taking ahands-on approach to building a diversified natural gas portfolioto fuel what it eventually hopes is a network of highly efficient,environmentally clean combined-cycle power plants with a collectivecapacity of 25,000 megawatts.

November 1, 1999
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