Calpine Drops $625M On 1,000-MW Gas-Fired Plant In Texas

Law360, New York (December 3, 2013, 1:42 PM EST) -- Calpine Corp. has purchased a 1,050-megawatt natural-gas-fired power plant from MinnTex Power Holdings LLC for about $625 million, the companies said Monday, a move that drives Calpine deep into a Texas market the company said is still growing.

The deal, which is expected to close in the first quarter of 2014, gives Houston-based Calpine — which already boasts a fleet of more than 90 power plants in operation or under construction throughout the U.S. representing more than 28,000 megawatts of generation capacity — a 1,050-megawatt, combined-cycle...
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