Calpine Corporation USD 5.75% 15-Jan-23 Senior Unsecured Notes Factsheet
Calpine Corporation (Calpine) is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. The company’s fleet of 80 power plants in operation and under construction represents approximately 26,000 megawatts of generation capacity. Through wholesale power operations and retail businesses, Calpine serves customers in 25 states, Canada and Mexico. The company’s clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. Note: Access to the content will require a FIIG client login
The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility.
Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, the company’s renewable geothermal plants use steam generated deep below the earth’s surface to produce clean, renewable electricity. Calpine filed for bankruptcy in 2005, with USD 22bn of debt at the time, mainly due to an overly aggressive expansion plan. The company emerged from bankruptcy in 2008, with debt reduced to USD10bn.