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

To: jason who wrote (428)	8/27/2002 6:34:12 AM
From: Copperfield	Respond to of 555

The latest news from Calpine would make it 72 operating plants (18,090 MW) The average heat rate according to their Web conference would be about 7580 BTU/KWh. The heat rate can vary with weather conditions. However, you have to consider that some of the units are for peaking sales. If a Combined cycle plant in California with a heat rate of 6200 is competing for sales with an old gas /oil fired plant with a heat rate of 10300, you will like find that the older plant is shut down (for maintenance?) since they get the same spark spread rate. Good luck with your financial analysis.