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Calpine Advances Development Of 309 MW Garrison Energy Center

Calpine Corporation (NYSE:CPN) has confirmed its commitment to proceed with full-scale development efforts for the proposed 309 megawatt Garrison Energy Center, an energy-efficient and environmentally responsible power plant to be located in Dover, Delaware. Subject to continued successful development milestones, including the receipt of key environmental and land use approvals, Calpine expects to commence construction of the facility in early 2013 and to achieve commercial operation by June 1, 2015.

“When Calpine acquired Conectiv Energy in July 2010, we made a commitment to Delaware that we would be a good corporate citizen,” said Jack Fusco, Calpine’s President and Chief Executive Officer. “Initially, we voluntarily eliminated the use of coal at our power plants in favor of cleaner burning natural gas. Our next step is to help Delaware ensure its electric energy supply future by constructing a modern, state-of-the art power plant that will provide competitively priced, reliable electric energy for the Delmarva Peninsula.”

The Garrison Energy Center is under advanced development as a combined-cycle, natural gas-fired generating facility that will be designed to accommodate an additional 309 megawatt expansion should future market conditions warrant. To date, the project has received strong support from state and local officials as a significant economic development opportunity and a valuable addition to the state’s energy infrastructure.

“Delaware is committed to securing cleaner, cheaper and more reliable energy,” said Governor Jack Markell. “By deploying advanced energy-efficient technology, electric production from the Garrison Energy Center will provide lower-cost and cleaner electricity for Delaware residents and businesses, while displacing older, inefficient and dirtier sources of energy from upwind states. Since Calpine established a regional headquarters in Wilmington two years ago, my administration has supported its efforts to help meet the state’s power needs while creating jobs and spurring new economic development opportunities.”

The project will also provide local benefits. “Calpine’s Garrison Energy Center, which will be built in Dover’s Garrison Oak Technical Park, represents a unique opportunity for the City. This state-of-the-art generating facility will improve the reliability of the electric system and provide new and much-needed revenue streams for the City. In addition, the construction of a pipeline to serve the facility will expand the availability of natural gas to other businesses and consumers in the region,” said Dover Mayor Carlton E. Carey Sr. “We are pleased to welcome the Garrison Energy Center as an anchor tenant to the technical park and thank Calpine for its commitment to the First State.”

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