Calpine Completes Purchase of Guadalupe Power Plant in Texas for $625 Million

By Electric Energy Online

Calpine Corporation (NYSE:CPN) has completed the acquisition of a natural gas-fired, combined-cycle power plant located in Guadalupe County, 30 miles northeast of San Antonio, Texas, in ERCOT's south zone. Calpine purchased the plant, which has a nameplate generating capacity of 1,050 megawatts, from MinnTex Power Holdings, LLC (a portfolio company owned by a private investment fund managed by Wayzata Investment Partners LLC) for $625 million plus adjustments, or approximately $595 per kilowatt.

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