31.07.2015 - Calpine expects CO2 rule to help gas fleet
Calpine says the US Environmental Protection Agency's (EPA) forthcoming Clean Power Plan will provide a strategic advantage for its natural gas fleet given the likely retirement of baseload coal-fired capacity. Calpine is bullish in its outlook for gas dispatch throughout its markets, especially if the EPA plan creates a carbon price for coal generators. The company operates a merchant fleet in California, Texas and the PJM Interconnection totaling 27,00MW, "We are hopeful the [EPA] rule and the federal implementation plan will have the option of a market-based approach to CO2 reductions, which will effectively put a price on carbon in many of our markets," Calpine chief executive Thad Hill said today. "The shift away from baseload [coal] continues and we are on the right side of history."..............................................Full Article: Source
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