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BUSINESS
June 15, 2005 | From Reuters
Independent power producer Calpine Corp. said Tuesday that it was in talks to sell four natural gas-fired power plants, representing nearly 850 megawatts of capacity, for $357 million. Calpine said the proposed sales were part of a plan to increase cash flow, become more efficient and reduce debt by more than $3 billion this year. San Jose-based Calpine said it was in talks with Tenaska Power Fund about three of the plants and with Diamond Generating Corp. on the fourth.
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NATIONAL
August 18, 2004 | From Times Wire Reports
Citing what she called a public health emergency, a state official in Albany ordered power plants to reduce emissions blamed for acid rain. Environmental Conservation Commissioner Erin Crotty announced the emergency order aimed at reducing emissions at least temporarily. At the same time, she announced an appeal of a decision by a state judge this year that had blocked the same regulations from taking effect permanently.
NEWS
June 23, 2001 | From Times Wire Reports
Connecticut Gov. John Rowland vetoed the bitterly contested "Sooty Six" bill aimed at forcing the state's oldest and most-polluting power plants to reduce emissions. The bill had been debated for four years as environmentalists and the electric power industry squared off. "This is one of the more difficult decisions I've had to make as governor over the last seven years," Rowland said. "There's no one in Connecticut that does not want clean air."
BUSINESS
March 18, 1987 | LILY ENG
Ultrasystems Inc., an Irvine-based high-technology company and power plant builder, has signed an agreement under which Sanwa Business Credit Corp. of Chicago will finance the manufacturing and installation of Ultrasystems' mini-power plants for commercial and industrial buildings.
CALIFORNIA | LOCAL
July 9, 2003 | From Times Wire Reports
A federal judge ruled Tuesday that two power plants built three miles south of the U.S.-Mexico border may continue operating for at least another year, rejecting requests from environmentalists who sought to close them. In a 33-page ruling, U.S. District Judge Irma Gonzalez refused to revoke permits that allow power to be sent into the United States from the plants operated by Sempra Energy and InterGen near Mexicali, Mexico.
BUSINESS
May 16, 2001 | From Bloomberg News
Calpine Corp. said Tuesday that it will build a $500-million power plant in Michigan and buy two plants in Canada to boost electricity sales. Calpine will build a plant in Berrien County, Mich., about 60 miles northeast of Chicago, near high-capacity transmission lines and natural gas pipelines needed to fuel it. The San Jose-based company said the 1,030-megawatt plant will begin operation in 2004. The company also agreed to buy Westcoast Energy Inc.'
BUSINESS
November 7, 2001 | Bloomberg News
Calpine Corp., a developer of power plants, said it bought partner Bechtel Group Inc.'s half of a California electricity-generation venture for $154 million in cash. Calpine also will assume $141 million in debt in the deal. Bechtel's share of the venture will add about 1,000 megawatts, or enough power to light about 750,000 homes, to Calpine's generator capacity in the San Francisco Bay Area.
CALIFORNIA | LOCAL
May 23, 2001
Your editorial, "A United Defense" (May 21), only touches upon a workable solution. Let the state build as many power plants as it wants, let the independent producers do the same and then let the rates be set by competition among them all. But it remains that more facilities must be completed, and more basic energy (natural gas) must be acquired. Power lines don't generate anything. And tell me how much more specific (realistic) conservation steps will conserve in megawatts. (Sport-utility vehicle targeting is divergent.
BUSINESS
May 15, 2003 | From Times Staff and Wire Reports
NRG Energy Inc. of Minneapolis filed for Chapter 11 bankruptcy protection to restructure more than $9.2 billion of debt taken on building and buying power plants, including some in California. Like many independent power producers, NRG has been teetering on the edge of a bankruptcy filing for months after missing interest payments to bondholders and defaulting on bank loans. The bankruptcy filing by NRG, a subsidiary of Xcel Energy Inc.
BUSINESS
March 26, 1998 | Nancy Rivera Brooks
Southern California Edison said it received $43 million for its Ormond Beach generating station in Oxnard, the last of the 12 gas-fired power plants that Edison was ordered to sell as part of the restructuring of the state's electricity industry. The sale to Houston Industries Power Generation of Houston is scheduled to close June 1. The Oxnard plant is the fifth Edison power plant purchased by Houston Industries since November. In all, Rosemead-based Edison has received $1.
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