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4-Traders Homepage  >  Equities  >  Nyse  >  Calpine Corporation    CPN

Delayed Quote. Delayed  - 05/27 10:02:18 pm
14.74 USD   +1.52%
05/25 CALPINE CORPORA : Announces Upsizing and Pricing of Senior Secured N..
05/24 CALPINE CORPORA : Announces Senior Secured Notes Offering
05/12 CALPINE : Cheniere Energy names Jack Fusco as CEO
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CALPINE CORP : Regulation FD Disclosure (form 8-K)

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05/27/2016 | 11:11pm CEST
ITEM 7.01 - REGULATION FD DISCLOSURE
CALPINE REPORTS PJM AUCTION RESULTS
PJM recently completed its 2019/2020 base residual auction. Calpine Corporation
("Calpine" or the "Company") cleared a total of 4,576 MW in PJM's 2019/2020 base
residual auction, all of which cleared as Capacity Performance (CP) product.
Based on these results, Calpine expects PJM capacity revenues of approximately
$209 million for the 2019/2020 planning year.
The table below provides a detailed description of the 2019/2020 results, as
well as Calpine's expected PJM capacity revenues by calendar year.
           Capacity Performance Product
                                  Price
Zone    Cleared Capacity (MW)   ($/MW-day)
EMAAC           3,053            $119.77
MAAC            1,036            $100.00
COMED            487             $202.77
Total           4,576


   PJM Capacity Revenue
Calendar Year   $ Millions
    2016           $215
    2017           $233
    2018           $343
    2019           $287

Calpine's uncleared capacity is comprised of higher cost peaking capacity across the PJM fleet. The information in this Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "1934 Act"), nor shall it be deemed "incorporated by reference" into any filing under the Securities Act of 1933, as amended, or the 1934 Act, except as may be expressly set forth by specific reference in such filing.

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Forward-Looking Information In addition to historical information, this Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "believe," "intend," "expect," "anticipate," "plan," "may," "will," "should," "estimate," "potential," "project" and similar expressions identify forward-looking statements. Such statements include, among others, those concerning expected financial performance and strategic and operational plans, as well as assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Please see the risks identified in this Form 8-K or in Calpine's reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, the risk factors identified in its Annual Report on Form 10-K for the year ended December 31, 2015. These filings are available by visiting the Securities and Exchange Commission's website at www.sec.gov or Calpine's website at www.calpine.com. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond our ability to control or predict. Our forward-looking statements speak only as of the date of this release. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and, other than as required by law, Calpine undertakes no obligation to update any such statements, whether as a result of new information, future events, or otherwise.

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© Edgar Online, source Glimpses

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