USA, California: Calpine Takeover Complete - New Owner Expects No Changes in Operations

Consortium Led by Energy Capital Partners Completes Acquisition of Calpine Corporation; Announces Management Roles and Board of Directors (News Release)

Calpine Corporation today announced the completion of the acquisition of Calpine by an affiliate of Energy Capital Partners and a consortium of other investors, including Access Industries Inc. and Canada Pension Plan Investment Board (CPPIB).

“Energy Capital Partners is excited to begin this long-term partnership with Calpine and its extremely talented employees and leadership,” said Tyler Reeder, a partner at Energy Capital Partners. “We do not expect to make any changes to the way Calpine operates its business and intend to remain focused on providing the high level of service to which Calpine’s wholesale and retail customers have become accustomed.

Calpine operates 13 geothermal power plants at The Geysers, north of San Francisco, California, generating 634.1 net megawatts.

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From the Global Geothermal News archives:

• Friday, December 15, 2017 - USA, California: Takeover of Calpine to be Completed First Quarter of 2018
• Monday, August 21, 2017 - USA, California: Calpine Sold to Private Equity Firm
• Tuesday, August 1, 2017 - USA, Texas: Calpine Could be Sold Soon - Report