HomeJuly 29, 2016
Calpine Announces Retirement of ERCOT Generating Assets
Copyright 2016 EnergyChoiceMatters.com.
Calpine announced today a plan to file with ERCOT for the retirement of its 400 MW Clear Lake Power Plant no later than summer of 2018, and possibly sooner depending on negotiations with the facility's bilateral counterparties
"Built in 1985, Clear Lake is an older technology," Calpine said
"Due to growing maintenance costs," and what Calpine claimed was a, "lack of adequate compensation in Texas," the company has chosen to retire the plant.
"We are working together with the facility's bilateral counterparties to mutually agree on a date to cease commercial operations, which will take place no later than the summer of 2018," Calpine said
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