Our increased productivity drove a 30% comparable reduction in our per megawatt hour operating cost for the first half of 2012 as we held the line on non-fuel plant operating expenses despite the significant increase in generation. I’d like to take this opportunity to thank our plant, engineering and maintenance personnel for their vital contribution to our success. Their focus on our operational excellence yielded our best year-to-date forced outage factor and starting reliability on record, while also achieving the best year-to-date safety performance. I am very proud of these dedicated men and women and I appreciate the vital role they play for our company, our customers and our investors. Thad Hill, will cover our operational performance in more detail later.Meanwhile, our commercial, regulatory and legal teams have been hard at work managing the volatility in our commodity markets. Optimizing our asset portfolio and defending the integrity of wholesale competitive power markets. As evidenced by their continued progress in the second quarter.
Calpine Corporation's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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