TECO, Panda power plant loan 50% oversubscribed

HOUSTON, July 17, 2001 – Banks snapped up a $2.2 billion construction loan for two huge merchant power plants in Arizona and Arkansas despite uncertainty caused by California’s electric utilities’ woes.

SAN JOSE, Calif., July 17, 2001– Calpine Corp. announced plans to build a 900-MW electric generating facility called the Sherry Energy Center in Wood County, Wisc.

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