IPP investor

7 Reasons Why NRG’s Offer for Calpine is Laughable

I am not sure how you are planning to be on the positive side of the carbon legislation where around 90% of CPN is sold under long-term PPA and sure NG is 33% better than coal plants but more generation using NG will further pressure gross margins. Even now it is kind of out of reach for a pure merchant plant to use NG and make money. Most of the plants were built after IPP crisis of 2001 and I am not sure how much margins were locked during soft market...