{"id":471,"date":"2008-05-22T08:09:02","date_gmt":"2008-05-22T15:09:02","guid":{"rendered":"http:\/\/montaraventures.com\/energy\/?p=471"},"modified":"2008-05-22T08:09:02","modified_gmt":"2008-05-22T15:09:02","slug":"nrg-bids-for-calpine","status":"publish","type":"post","link":"https:\/\/montaraventures.com\/energy\/?p=471","title":{"rendered":"NRG bids for Calpine"},"content":{"rendered":"<div style=\"float: right; margin: 10px;\"><center><small>Calpine Turbine at the Geysers<br \/><img decoding=\"async\" src=\"https:\/\/montaraventures.com\/energy\/wp-content\/uploads\/2008\/05\/calpine-turbine.jpg\" alt=\"Calpine Turbine at the Geysers\" width=250 height=188 \/><br \/>Attribution: KQED<\/small><\/center><\/div>\n<p>This morning there is news on the wire that New Jersey utility NRG has bid over $11B in an all stock deal to acquire Calpine. This is a 6% premium over the closing price of Calpine yesterday. With 26GW of generation capacity (a little less than 1GW geothermal, the rest natural gas) Calpine is a significant generator who only emerged from bankruptcy protection 4 months ago. Should the deal be consummated, the combined utility would have nearly 50GW of generation capacity in hydro, geothermal, petrochemical, coal, and nuclear powered generation.<br \/>\n<br \/>\nThe Calpine board is considering the offer at present. This is the latest in a wave of consolidate of the fossil fuel generators. Let&#8217;s hope the significant geothermal operation is not lost\/damaged in the shuffle.<br \/>\n<br \/>\nLinks:<br \/>\n<a href=\"https:\/\/www.calpine.com\/\" target=\"_blank\" >Calpine<\/a><br \/>\n<a href=\"https:\/\/www.nrgenergy.com\/\" target=\"_blank\" >NRG<\/a><br \/>\n<a href=\"https:\/\/biz.yahoo.com\/ap\/080522\/calpine_mover.html?.v=1\" target=\"_blank\" >AP Story on Bid<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Calpine Turbine at the GeysersAttribution: KQED This morning there is news on the wire that New Jersey utility NRG has bid over $11B in an all stock deal to acquire Calpine. This is a 6% premium over the closing price of Calpine yesterday. With 26GW of generation capacity (a little less than 1GW geothermal, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[9,11,2],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2gI6x-7B","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=\/wp\/v2\/posts\/471"}],"collection":[{"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=471"}],"version-history":[{"count":0,"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=\/wp\/v2\/posts\/471\/revisions"}],"wp:attachment":[{"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}