“I want to thank our employees for their outstanding response to the increased utilization of our fleet and their success in concurrently decreasing major maintenance cost and holding plant operating expenses essentially flat. This was due in large part to our continued focus on operational excellence and preventative maintenance, which also yielded our lowest annual forced outage factor on record.“2012 was an active year for allocating capital as well. We sold 1,450 MW at two plants in South Carolina and Wisconsin and redeployed more than half the proceeds to purchase an 800 MW plant in Texas, while also continuing to execute our share repurchase program. We originated more than 2,100 MW of long-term contracts with our customers. In addition, we are on track to bring approximately 1,600 MW of additional natural gas-fired capacity online in California, Texas and Delaware over the next two and a half years.
Calpine Reports Fourth Quarter And Full Year 2012 Results, Raises Adjusted Free Cash Flow Per Share Guidance And Increases Share Repurchase Authorization By $400 Million
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