Calpine’s 630-MW Hermiston Power Project on line

SAN JOSE, Calif., Aug. 20, 2002 — San Jose, Calif.-based Calpine Corp. announced Tuesday that its 630-MW Hermiston Power Project in Hermiston, Ore. has entered commercial operations.

Hermiston is Calpine’s first energy facility in Oregon and is the largest project of its type in the U.S. Pacific Northwest. The facility’s location and transmission access allows it to deliver power throughout the Pacific Northwest’s Mid-Columbia market and to the California-Oregon border.

The Hermiston facility will support Calpine’s five-year system sales contract to supply up to 150 megawatts of power to the Bonneville Power Administration.

Excess power is being sold into the Pacific Northwest and California power markets as part of Calpine’s Western system of power plants.

“The completion of this facility further strengthens Calpine’s ability to serve the Western U.S. energy market,” said Calpine Senior Vice President — Western Region Jake Rudisill. “New combined-cycle energy centers like the Hermiston Power Project provide a low-cost, clean and reliable energy source to meet the continuing electricity needs of the West.”

Fueled by natural gas and equipped with the best available emissions control technology, the Hermiston Power Project is the cleanest project of its kind in the state. The combined-cycle facility also is among the most fuel-efficient projects of its type and is capable of meeting the electricity demands of more than 600,000 households on a 24-hours-a-day, seven-days-a-week basis.

Calpine purchased the development rights to the Hermiston project in the first quarter of 2000. Construction began shortly thereafter and created over 450 jobs during peak building activities. Calpine provided construction management services, and Calpine’s 23-member staff currently operates and maintains the facility.

In just over a year, Calpine has brought nearly 3,400 megawatts of new power generation on line in the Western U.S. Beginning with its 555-megawatt South Point Power Plant in Arizona last summer, Calpine’s five new baseload projects and five new peaking units can generate the energy required to supply more than three million households.

Rudisill added, “Calpine has moved aggressively to build generating capacity in the Western United States. The Hermiston Power Project will become an increasingly valued energy resource as the region’s antiquated plants retire and power demand continues its long-term growth trend.”

Based in San Jose, Calif., Calpine Corporation is an independent power company that is dedicated to providing customers with clean, efficient, natural gas-fired power generation. It generates and markets power through plants it develops, owns and operates in 23 states in the United States, three provinces in Canada and in the United Kingdom.

Calpine also is the world’s largest producer of renewable geothermal energy, and it owns 1.3 trillion cubic feet equivalent of proved natural gas reserves in Canada and the United States. The company was founded in 1984 and is publicly traded on the New York Stock Exchange under the symbol CPN.
SOURCE: Calpine Corporation

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