Calpine Ramps Up Investment in Texas Grid with Quail Run Acquisition
(HOUSTON, Texas) – October 2, 2024 – Calpine Corporation announced today that it has acquired the Quail Run Energy Center in Odessa, Texas, from Lotus Infrastructure Partners.
“We are pleased to add the Quail Run Energy Center to our industry-leading fleet of combined-cycle generation facilities,” said Andrew Novotny, Calpine President and CEO. “Calpine is committed to delivering more reliable and affordable energy to our customers across Texas, and this acquisition is an exciting opportunity to invest in that mission.”
The 550-megawatt facility began commercial operations in 2007.
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 77 energy facilities in operation represents over 27,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, we serve customers in 22 states and Canada. 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.
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Forward-Looking Information
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MEDIA CONTACT
Brett Kerr
Vice President, External Affairs
(713) 830-8809
Brett.Kerr@Calpine.com
INVESTOR CONTACT
W. Bryan Kimzey
Senior Vice President, Finance & Treasurer
(713) 830-8775
Bryan.Kimzey@Calpine.com