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Calpine Corporation. Helping Meet Wisconsin’s Energy Needs October 11, 2004. About Calpine. The nation’s leading independent power producer Clean power generation: Exclusive focus on efficient natural gas and renewable geothermal
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Calpine Corporation Helping Meet Wisconsin’s Energy Needs October 11, 2004
About Calpine • The nation’s leading independent power producer • Clean power generation: Exclusive focus on efficient natural gas and renewable geothermal • Fully integrated power generation company supported by natural gas exploration and production subsidiary • Established in 1984 • Headquartered in San Jose, CA • Regional offices throughout the U.S. and Canada • Publicly traded [NYSE:CPN] • www.calpine.com
Calpine’s Growing Portfolio Net Megawatts 28,830 28,800 28,830 28,830 26,330 2,750 9,649 9,750 19,249 15,200 28,800 26,050 19,181 13,400 7,755 19,050 4,400 11,130 5,849 3,355
Calpine in Wisconsin In Operation • RockGen Energy Center: 460 MW located in Cambridge, WI • Zion Energy Center: 450 MW located in Zion, IL* • Riverside Energy Center: 600 MW located in Beloit, WI Under Construction • Fox Energy Center: 635 MW located in Kaukauna, WI Note: Entire output of Zion supplies Wisconsin customers
Wisconsin Electricity Mix Statewide electricity production by fuel type – 2002 Source: Public Service Commission
Benefits of Competitive Power • Independent Power Producers (IPPs) have installed almost 80 percent of all new electric generating capacity in the U.S. • Many states prohibit utilities from building their own generation in order to encourage competition • Competitive procurement is a better way to allocate the risks associated with capital-intensive electric generation projects • An open and competitive market helps determine the best energy supply options • IPPs like Calpine invest with private capital, with earnings based solely on performance (no guaranteed rate of return) • Power generation is our core business: • Experience • Expertise • Economies of scale • Competition leads to lower costs for consumers
Riverside Energy Center Beloit, WI
RockGen Energy Center Cambridge, WI
Zion Energy Center Zion, IL