HOUSTON–(BUSINESS WIRE)–Sep. 20, 2013– Calpine Corporation (NYSE:CPN), one of the nation’s largest and cleanest generators of electricity, supports policies and programs that lead to reductions in greenhouse gas (GHG) emissions. As an industry leader in environmental stewardship, we have voluntarily taken steps to assure that we provide reliable, low-cost electricity in an environmentally responsible and sustainable manner. We believe GHG reduction programs and policies must include flexible, market-based solutions that encourage and recognize the transition to efficient, lower carbon-intensive generation including Calpine’s fleet of modern, low cost and reliable natural gas-fired plants.
While federal legislation is the best tool to address climate change and promote clean energy development, in the absence of Congressional action, Calpine supports the U.S. Environmental Protection Agency’s (EPA’s) efforts to regulate GHG emissions as mandated under the Clean Air Act. The newly proposed GHG New Source Performance Standard for new electric generating plants is an important first step in the EPA’s plans to address climate change. Calpine, as an early mover in the transition to cleaner, reliable generation resources, looks forward to working with the EPA and other stakeholders to ensure that the regulations achieve cost-effective reductions while assuring reliability.