Calpine Set to Install Turbine for Colorado Power Plant

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Calpine Corporation (NYSE: CPN) (San Jose, California) has completed all the underground work for a $150 million power plant under construction in Colorado. This month, the company will begin installation of the two turbines that will make up the Blue Spruce Energy Center located in Aurora, Colorado. Blue Spruce is a 300MW natural gas-fired peaking plant that is scheduled to enter operation by May of 2003. Full output of the plant will be delivered to Public Service Company of Colorado under the terms of a ten-year tolling agreement.

GE Power Systems (Norcross, Georgia) is the prime contractor for the project and The Industrial Company (TIC) (Steamboat Springs, Colorado), is responsible for construction activities.

GE Power Systems has approximately 30,000 employees around the globe. GE Power Systems a world leader in power generation technology and services. They provide equipment and support for all types of power generation (hydroelectric, wind, fossil, and nuclear). GE Power Systems is a division of General Electric (NYSE: GE) (Fairfield, Connecticut), which was founded in 1892 and has 300,000 employees with offices in over a hundred countries and in 2001 had revenues in excess of $125 billion.

Calpine was founded in 1984 and is a leading PEP. Calpine Corporation is a leading national independent power company that currently has 71 projects with generating capacity over 29,000MW of energy capacity in operation, and over 12,000MW under construction or in development in 29 states, the United Kingdom, and Canada. Calpine generates electricity using two proven and environmentally friendly technologies - natural gas combined-cycle and geothermal (Calpine is the world's largest producer of geothermal energy).