Calpine completes sale of Broad River Energy Center

Source:Calpine Corporation
Broad River Energy Center

Calpine Corporation (CPN) today completed the sale of the Broad River Energy Center to Broad River Power LLC, an affiliate of Energy Capital Partners LLC, for $427 million plus adjustments, or approximately $504 per kilowatt.

Located in Gaffney, South Carolina, the Broad River Energy Center is an 847 megawatt simple-cycle, natural gas-fired power plant. It began commercial operations in June 2000 and has two long-term power contracts with Carolina Power & Light Co., a subsidiary of Duke Energy Corp.

Calpine announced the planned transaction when it reported its third-quarter earnings in November 2012, and the sale was approved by the Federal Energy Regulatory Commission on December 18.

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