Calpine Provides Update on Hurricane Harvey’s Impact on Southeast Texas Operations
30 Août 2017 - 2:00PM
Business Wire
Calpine Corporation (NYSE: CPN) today reported that its fleet of
flexible and modern natural gas-fired, combined-cycle power plants
has performed well during the recent sustained weather event caused
by Hurricane Harvey. Despite very difficult conditions, the vast
majority of Calpine’s approximately nine gigawatts of Texas
generating capacity is available for dispatch, and the balance is
expected to be back online within the next few days with no
material damage reported.
“At Calpine, our employees’ safety is always our number one
concern, while we work to ensure grid reliability,” said Thad Hill,
President and CEO. “As of this morning, we are thankful to report
that all of our employees are accounted for and safe.
Unfortunately, many have suffered substantial property loss and we
are working to support them during this difficult time.”
Calpine’s downtown Houston headquarters was closed due to
flooding, but the Company was well prepared with backup teams
stationed in Austin, Dallas and another location in Houston and was
able to continue supporting its plants and wholesale and retail
customers across the nation.
“Our plants fared well and our corporate operations continued in
an efficient and orderly manner thanks to sound planning and, most
of all, the professionalism and dedication of our team,” continued
Mr. Hill. “I would like to offer my sincerest thanks for the hard
work and sacrifice of our employees who have performed well under
very trying circumstances.”
About Calpine
Calpine Corporation is America’s largest generator of
electricity from natural gas and geothermal resources with
operations in competitive power markets. Our fleet of 80 power
plants in operation or under construction represents approximately
26,000 megawatts of generation capacity. Through wholesale power
operations and our retail businesses Calpine Energy Solutions and
Champion Energy, we serve customers in 25 states, Canada and
Mexico. Our clean, efficient, modern and flexible fleet uses
advanced technologies to generate power in a low-carbon and
environmentally responsible manner. We are uniquely positioned to
benefit from the secular trends affecting our industry, including
the abundant and affordable supply of clean natural gas,
environmental regulation, aging power generation infrastructure and
the increasing need for dispatchable power plants to successfully
integrate intermittent renewables into the grid. Please visit
www.calpine.com to learn more about how Calpine is creating power
for a sustainable future.
Forward-Looking Information
In addition to historical information, this release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Words such as
“believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,”
“should,” “estimate,” “potential,” “project” and similar
expressions identify forward-looking statements. Such statements
include, among others, those concerning expected financial
performance and strategic and operational plans, as well as
assumptions, expectations, predictions, intentions or beliefs about
future events. You are cautioned that any such forward-looking
statements are not guarantees of future performance and that a
number of risks and uncertainties could cause actual results to
differ materially from those anticipated in the forward-looking
statements. Please see the risks identified in this release or in
Calpine’s reports and registration statements filed with the
Securities and Exchange Commission, including, without limitation,
the risk factors identified in its Annual Report on Form 10-K for
the year ended Dec. 31, 2016. These filings are available by
visiting the Securities and Exchange Commission’s website at
www.sec.gov or Calpine’s website at www.calpine.com. Given the
risks and uncertainties surrounding forward-looking statements, you
should not place undue reliance on these statements. Many of these
factors are beyond our ability to control or predict. Our
forward-looking statements speak only as of the date of this
release. Actual results or developments may differ materially from
the expectations expressed or implied in the forward-looking
statements, and, other than as required by law, Calpine undertakes
no obligation to update any such statements, whether as a result of
new information, future events, or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170830005591/en/
Calpine CorporationMedia
Relations:Brett Kerr,
713-830-8809brett.kerr@calpine.comorInvestor
Relations:Bryan Kimzey,
713-830-8775bryan.kimzey@calpine.com
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