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Gold/Mining/Energy : CPN: Calpine Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Copperfield who wrote (418)	8/5/2002 8:40:50 PM
From: Copperfield	Respond to of 555

I bought again today at $3.38. 09:05 EDT Monday, August 05, 2002 Long-Term Agreements Ensure Sales SAN JOSE, Calif., Aug. 5 /CNW/ -- Acadia Power Partners LLC, a 50/50 joint venture between Calpine Corporation (NYSE: CPN) and Cleco Midstream Resources, LLC, a wholly owned subsidiary of Cleco Corporation (NYSE: CNL; PCX), today announced that the Acadia Power Project has entered operations and will generate more than 1,000 megawatts of power in the region. Calpine Energy Services will purchase 580 megawatts through a 20-year agreement to own and market that power into the Southwest Power Pool. The remaining power is also sold through a similar agreement. "This new facility will provide clean, low cost and reliable power to the Southwest Power Pool," said Senior Vice President Diana Knox. "This is Calpine's first plant in operation in Louisiana, which broadens our marketing reach even further into the region." The Acadia Power Project will operate clean, natural gas-fired combustion turbines that are 40 percent more efficient than older technology gas-fired plants. The Environmental Protection Agency's data shows that the Acadia Power Project will outperform the average U.S. fossil-fueled power plant in curbing emissions of nitrogen oxides (NOx), sulfur dioxide (SO2), and carbon dioxide (CO2), therefore reducing the formation of ozone, acid rain and greenhouse gases. The Acadia Power Project's emissions of NOx are 98% lower, CO2 emissions are 60% lower and SO2 emissions are 99% less than emissions produced at the average U.S. fossil-fueled power plant. Construction of the plant began in the summer of 2000 and was completed in time to meet peak summertime demand.