CALPINE CORPORATION (NYSE:CPN) Files An 8-K Regulation FD Disclosure
ITEM 7.01 – REGULATION FD DISCLOSURE
Calpine Corporation (Calpine or the Company) cleared a total of
5,309 MW in PJMs 2020/2021 base residual auction. Based on
these results, Calpine expects PJM capacity revenues of
approximately $326 million for the 2020/2021 planning year.
2020/2021 base residual auction results.
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Capacity Performance Product
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||||
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Zone
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Cleared Capacity (MW)
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Price ($/MW-day)
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EMAAC
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3,805
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$187.87
|
||
|
MAAC
|
1,018
|
$86.04
|
||
|
COMED
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$188.12
|
|||
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Total
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5,309
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purposes of Section 18 of the Securities and Exchange Act of
1934, as amended (the 1934 Act), nor shall it be deemed
incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the 1934 Act, except as may be
expressly set forth by specific reference in such filing.
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 Calpines 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, 2016. These
filings are available by visiting the Securities and Exchange
Commissions website at www.sec.gov or Calpines 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 CORPORATION (NYSE:CPN)
Calpine Corporation is a power generation company. The Company is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. The Company’s segments include West (including geothermal), Texas and East (including Canada). In the Northeast and Mid-Atlantic regions, the Company has generating units capable of burning either natural gas or fuel oil. The Company operates its business through various divisions and subsidiaries. The Company’s portfolio consists of various types of power generation technologies, including natural gas-fired combustion turbines, which include combined-cycle plants and renewable geothermal conventional steam turbines. Its Geysers Assets located in northern California represent the geothermal power generation portfolio in the United States, as well as the producing power generation asset of all renewable energy in the state of California. CALPINE CORPORATION (NYSE:CPN) Recent Trading Information
CALPINE CORPORATION (NYSE:CPN) closed its last trading session up +0.14 at 13.25 with 6,844,534 shares trading hands.
