Calpine (CPN) agrees to purchase Bosque Power's 800 mw power plant for $432M plus adjustments,...

|About: Calpine Corporation (CPN)|By:, SA News Editor

Calpine (CPN) agrees to purchase Bosque Power's 800 mw power plant for $432M plus adjustments, or ~$540/kw. CPN says the deal provides increased generation capacity in the evolution of one of its core markets and at a discount to replacement cost. The company expects to fund the acquisition with cash on hand.