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Slide #85. Calpine Corporation — Guadalupe Power Partners Generating Facility
Calpine Corporation (CPN)
Guadalupe Power Partners Generating Facility
Calpine Corporation (NYSE:CPN) has agreed to purchase a nominal 1,050 megawatt, combined-cycle power plant for $625 million, or approximately $595 per kilowatt, exclusive of adjustments relating to development rights and working capital, from MinnTex Power Holdings, LLC, a portfolio company owned by a private investment fund managed by Wayzata Investment Partners LLC. The natural gas-fired plant is located in Guadalupe County, 30 miles northeast of San Antonio, Texas.
Calpine is a power generation company that owns and operates natural gas-fired and geothermal power plants in North America and has a presence in wholesale power markets in California, Texas and the Northeast and Mid-Atlantic regions. Co. sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers as well as retail commercial, industrial, governmental and residential customers. As of Dec 31 2016, Co. served customers in 25 states in the U.S. and in Canada and Mexico.
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Hold (2.25 out of 4)
(ranked lower than approx. 79% of all stocks covered)
Based on Zacks ABR data;
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