Calpine (NYSE: CPN) will begin commercial operations at two natural gas-fired power plants in California within a few days, according to the company's 2Q earnings report. The power generation from the two plants is expected to help replace generation lost from the retirement of the San Onofre nuclear power station.
According to the report, Calpine has said its 429 MW Russell City Energy Center near Hayward, Calif. and its 309 MW Los Esteros Critical Energy Facility near San Jose, Calif. will both be completed in days to help meet California’s traditional summer peak demand period.
The California power grid expects about 2,000 MW of new gas-fired generation to come online this year, according to a report from the California Independent System Operator.
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