- Calpine (CPN -1.8%) launches commercial operations at its Russell City Energy Center and Los Esteros Critical Energy Facility, both located in the San Francisco Bay area.
- Combined, the two plants bring on-line more than 900 megawatts of combined-cycle natural gas-fired power generation capacity, capable of meeting the electric needs for around 750K households.
- The full power output of both plants will be delivered to Pacific Gas and Electric (PCG -1%) under 10-year power purchase agreements.
- CPN owns 75% of the project, while GE (GE -0.3%) unit GE Energy Financial Services owns the balance.