Calpine's Morgan Energy Center Receives State and Industry Awards for Excellence in Workplace Safety and Operations & Maintenance
Calpine Corporation (NYSE:CPN) announced today that its Morgan Energy
Center, located in Decatur, Ala., has received the state’s
highest recognition for workplace safety. The plant also received two
prestigious Best Practices industry awards for excellence in Safety as
well as Operations & Maintenance.
On Feb. 29, the Morgan plant received the State of Alabama Department
of Industrial Relations Award of Superior Achievement for Workplace
Safety. The awardrecognizes the plant for incurring no
lost-time accidents for the past 24 or more consecutive months. In fact,
employees at Morgan have now worked injury-free since before the plant
entered commercial operation in 2003. Morgan is also recognized as a
Star Facility under the Voluntary Protection Program administered by the
U.S. Occupation Safety and Health Administration, OSHA’s
highest workplace safety designation.
On March 17, Combined Cycle Journal magazine announced that the
Morgan Energy Center won two awards at the Combustion Turbine Operations
Task Force’s Turbine Users Forum in Savannah,
Ga., including Best Practices awards for excellence in the
categories of Operations & Maintenance and Safety.
Best Practices represent reliable methods and procedures that enable
plants to increase efficiency and availability and to decrease
environmental impact and the cost of electricity production on a
predictable and repeatable basis.
According to Mike Rogers, Calpine’s Senior
Vice President and President of Power Operations, “The
Morgan Energy Center continues to exemplify Calpine’s
ongoing commitment to the highest standards of operational excellence. I
congratulate the Morgan team for the well-deserved distinctions they
have received from the state of Alabama and their industry peers.”
The 800-megawatt plant produces both steam and electricity and is known
as a Combined Heat and Power (CHP) facility. The simultaneous production
of power and steam uses less energy than would be required by two stand
alone units, resulting in 60 percent greater overall fuel efficiency.
This also significantly reduces the plant’s
environmental footprint through the reduction in related air emissions.
Calpine is the largest owner and operator of CHP facilities in the U.S.,
with nearly 8,000 megawatts of CHP capacity in operation, representing
approximately 33 percent of its nation-wide fleet of power generation
facilities.
Calpine Corporation is helping meet the needs of an economy that demands
more and cleaner sources of electricity. Founded in 1984, Calpine is a
major U.S. power company, currently capable of delivering approximately
24,000 megawatts of clean, cost-effective, reliable, and fuel-efficient
electricity to customers and communities in 18 states in the United
States. Calpine owns, leases, and operates low-carbon, natural
gas-fired, and renewable geothermal power plants. Using advanced
technologies, Calpine generates electricity in a reliable and
environmentally responsible manner for the customers and communities it
serves. Please visit http://www.calpine.com
for more information.
Forward Looking Statement
In addition to historical information, this release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Exchange Act. Words such as “believe,”
“intend,” “expect,”
“anticipate,” “plan,”
“may,” “will”
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 all
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. Such risks and
uncertainties include, but are not limited to: (i) Calpine’s
ability to implement its business plan; (ii) financial results that may
be volatile and may not reflect historical trends; (iii) seasonal
fluctuations of results and exposure to variations in weather patterns;
(iv) potential volatility in earnings associated with fluctuations in
prices for commodities such as natural gas and power; (v) ability to
manage liquidity needs and comply with covenants related to the Exit
Credit and Bridge Facilities and other existing financing obligations;
(vi) Calpine’s ability to complete the
implementation of its Plan of Reorganization and the discharge of its
chapter 11 cases including successfully resolving any remaining claims;
(vii) disruptions in or limitations on the transportation of natural gas
and transmission of electricity; (viii) the expiration or termination ofpower purchase agreements and the related results on revenues; (ix)
risks associated with the operation of power plants including
unscheduled outages; (x) factors that impact the output of Calpine’s
geothermal resources and generation facilities, including unusual or
unexpected steam field well and pipeline maintenance and variables
associated with the waste water injection projects that supply added
water to the steam reservoir; (xi) risks associated with power project
development and construction activities; (xii) ability to attract,
retain and motivate key employees including filling certain significant
positions within Calpine’s management team;
(xiii) ability to attract and retain customers and counterparties; (xiv)
competition; (xv) risks associated with marketing and selling power from
plants in the evolving energy markets; (xvi) present and possible future
claims, litigation and enforcement actions; (xvii) effects of the
application of laws or regulations, including changes in laws or
regulations or the interpretation thereof; and (xviii) other risks
identified from time-to-time in Calpine’s
reports and registration statements filed with the SEC, including,
without limitation, the risk factors identified in its Annual Report on
Form 10-K for the year ended December 31, 2007. Actual results or
developments may differ materially from the expectations expressed or
implied in the forward-looking statements and Calpine undertakes no
obligation to update any such statements. Unless specified otherwise,
all information set forth in this release is as of today's date and
Calpine undertakes no duty to update this information. For additional
information about Calpine's chapter 11 reorganization or general
business operations, please refer to Calpine's Annual Report on Form
10-K for the fiscal year ended December 31, 2007, and any other recent
Calpine report to the Securities and Exchange Commission. These filings
are available by visiting the Securities and Exchange Commission's
website at http://www.sec.gov or
Calpine's website at http://www.calpine.com.
