Calpine Corporation (“Calpine” or the “Company”) cleared a total of
5,152 MW in PJM’s 2021/2022 base residual auction. Based on these
results, Calpine expects PJM capacity revenues of approximately $307
million for the 2021/2022 planning year.
The table below provides a detailed description of the 2021/2022 base
residual auction results.
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|
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Capacity Performance Product
|
Zone
|
|
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Cleared Capacity (MW)
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|
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|
Price ($/MW-day)
|
EMAAC
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|
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3,595
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|
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$165.73
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MAAC
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|
|
|
|
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1,077
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|
|
|
|
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$140.00
|
COMED
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|
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|
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480
|
|
|
|
|
|
$195.55
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Total
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5,152
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Forward-Looking Information
In addition to historical information, this Press 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 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 December 31, 2017. 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.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180524006388/en/
Copyright Business Wire 2018
Source: Business Wire
(May 24, 2018 - 4:54 PM EDT)
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