Calpine's Russell City Energy Center to be Nation's First Power Plant With Federal Greenhouse Gas Emissions Limit

June 25, 2009

Calpine to build 600-MW power plant, create economic stimulus for San Francisco Bay Area HAYWARD, Calif.--(BUSINESS WIRE)--The Bay Area Air Quality Management District (BAAQMD) notified interested stakeholders that it is seeking public input on a draft permit to construct what will be the nation's first power plant with a federal limit on emissions of carbon dioxide (CO2) and other greenhouse gases. Calpine Corporation (NYSE: CPN) has been working in cooperation with the BAAQMD to respond to comments submitted by a number of environmental and local public interest groups, including the Sierra Club and EarthJustice, regarding the company's proposed 600-megawatt Russell City Energy Center to be built in Hayward, Calif. As a result, Calpine has agreed to changes in the project's permit conditions, including reductions in a number of emission limits, which will make it one of the cleanest natural gas-fired power plants in the nation. "By taking this historic and early action to limit greenhouse gas emissions, Calpine demonstrates that our long-term commitment to environmental stewardship is fundamental to our corporate philosophy," said Jack A. Fusco, president and chief executive officer of Calpine. "The combined-cycle technology allows us to commit to lower emissions while increasing efficiency – meaning we use less natural gas and emit fewer greenhouse gases while delivering more power to our customers and ultimately the American consumer."

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