April 7, 2010
Source: Xcel Energy
Xcel Energy and Calpine Corporation said that Public Service Company of Colorado (PSCo), an Xcel Energy company, will purchase two of Calpine’s power plants near Denver. The plants currently provide electricity to the utility under power purchase agreements.
The $739 million acquisition stems from an offer by Calpine into a competitive bid process that was part of Xcel Energy’s 2007 Colorado Resource Plan, and was the least cost option among many bids for needed generating resources. The agreement is dependent on regulatory agency approval.
The plants to be purchased are the 621 MW Rocky Mountain Energy Center, located near Hudson, Colo., which began commercial operation in 2004 and produces electricity using combined-cycle technology, and the 310 MW simple-cycle Blue Spruce Energy Center, located in Aurora, Colo., which began operation in 2003.