Calpine Corp. sells 809 MW gas plant in New England

All of Fore River’s energy, capacity and ancillary services are sold into the competitive wholesale power markets administered by ISO-New England

Content Dam Pennenergy Online Articles 2014 08 Foreriver

Calpine Corp. completed the acquisition of a natural gas-fired, combined-cycle power plant located in North Weymouth, Massachusetts, 12 miles southeast of Boston.

Calpine purchased the plant, which has a nameplate generating capacity of 809 MW, from Exelon Corp. for $530 million plus adjustments, or about $655 per kW. The transaction was funded with cash on hand, which Calpine expects to replenish through a financing later this year.

Content Dam Pennenergy Online Articles 2014 08 Foreriver

Built in 2003, the Fore River Energy Center features two combustion turbines, two heat recovery steam generators and one steam turbine. One turbine features dual-fuel capability that will enable it to run this winter on either natural gas or fuel oil, depending on market conditions, with the other turbine scheduled to be dual-fuel capable by next winter.

All of Fore River’s energy, capacity and ancillary services are sold into the competitive wholesale power markets administered by ISO-New England.

Calpine has a fleet of 88 power plants, representing 27,000 MW and serving customers in 18 U.S. states and Canada.

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