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Ontario Issues New Long-Term Energy Plan
LCG, December 5, 2013--The Ontario Ministry of Energy released earlier this week its Long-Term Energy Plan (LTEP) for Ontarians. The announcement states that the LTEP balances five principles to guide future decisions: cost-effectiveness, reliability, clean energy, community engagement, and an emphasis on conservation and demand management before building new generation.
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Calpine to Acquire 1,050-MW Power Plant in Texas
LCG, December 3, 2013--Calpine Corporation announced yesterday that it agreed to purchase a 1,050-MW, combined-cycle power plant for $625 million, exclusive of adjustments relating to development rights and working capital, from MinnTex Power Holdings, LLC, a portfolio company owned by a private investment fund managed by Wayzata Investment Partners LLC. The natural gas-fired electric generating facility is located approximately 30 miles northeast of San Antonio, Texas.
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