Calpine Breaks Ground on First Merchant Power Plant in Texas.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Feb. 26, 1997--Calpine Corp. (NYSE NYSE See: New York Stock Exchange :CPN CPN Communist Party of Nepal CPN Commercial Property News CPN Civic Practices Network CPN Calling Party Number CPN Community Psychiatric Nurse (UK) CPN Cisco Powered Network CPN Connaitre et Proteger la Nature ), today announced the San Jose-based power company will begin construction of Texas' first merchant power plant. The Pasadena Power Plant, a 240 megawatt, natural gas-fired facility, will be built on the Houston Ship Channel The Houston Ship Channel in Houston, Texas is part of the Port of Houston—one of the United States's busiest sea ports. The channel is a conduit between the continental interior and the Gulf of Mexico for both petrochemical products and Midwestern grain. in Pasadena, Texas. The $150 million power plant will provide 90 mw of electricity, and 200,000 lbs of steam (equivalent to approximately 20 mw of electricity) to the Phillips Petroleum Houston Chemical Complex, the remaining capacity will be sold in the Texas market. This state-of-the-art power plant will be 30% more efficient than competing gas-fired power plants in the state. To commemorate the start of construction, Calpine will host a groundbreaking ceremony at the plant site on Feb. 27 at 11 a.m. The plant site is located at 955 Phillips Road, adjacent to the Phillips Houston Chemical Complex in Pasadena. As the U.S. electric power industry becomes deregulated, merchant plants, such as the Pasadena facility, will represent the next generation of power production. Unlike traditional independent power projects, which sell electricity to utilities under long-term contracts, a "merchant plant" is designed to produce low-cost electricity for sale to customers under a variety of short, mid and long-term contracts. Calpine Corp. is a leading power company serving customers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in selected international markets. The company develops, owns and operates natural gas-fired and geothermal power Geothermal power Thermal or electrical power produced from the thermal energy contained in the Earth (geothermal energy). Use of geothermal energy is based thermodynamically on the temperature difference between a mass of subsurface rock and water and a mass generation facilities and steam fields throughout the U.S., and in selected international markets. CONTACT: Calpine Corp. Kimberly Mejia, 408/995-5115 |
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