USA, California: Calpines The Geysers Repairs to be Completed Within a Year

Calpine estimates Valley fire damage in The Geysers at up to $35 million (Santa Rosa Press Democrat)

A cooling tower in the Geysers field on Cobb Mountain was damaged by the Valley fire, Friday Sept. 18, 2015. (Kent Porter / Press Democrat) 2015

Damage and revenue loss from the Valley fire will total $30 million to $35 million for Calpine Corp. energy production operations at The Geysers geothermal complex, the company announced Monday.

The estimated toll includes property damage and lost revenue due to reductions in electric power generation.

Facility repairs should be completed within 12 months.

“We believe our insurance program will cover repair and replacement costs as well as our net revenue losses, after deductibles,” the company said in a statement.

Read More........