Calpine Signs a Letter of Intent to Acquire Gilroy Cogeneration Facility.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)--May 1, 1996--Calpine Corp. today announced it has signed a letter of intent with McCormick & Company Inc. to acquire the 120 mw gas-fired gas-fired adj → de gas gas-fired adj → au gaz gas-fired adj (heater etc) → Gas- , cogeneration cogeneration In power systems, use of steam for both power generation and heating. High-temperature, high-pressure steam from a boiler and superheater first passes through a turbine to produce power. power plant owned by Gilroy Energy Co. located in Gilroy, Calif. The facility has been in operation since 1988. Electricity is sold to Pacific Gas & Electric Co. under the terms of a long term power sales agreement and steam is sold to the Gilroy Foods Inc. facility located adjacent to the power plant. Calpine is a leading participant in the power industry with approximately 1,000 mw in operation and ownership throughout 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 selected international markets. CONTACT: Calpine Corp., San Jose John Rocchio or Kimberly Mejia, 408/995-5115 |
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