The Federal Energy Regulatory Commission on Oct. 21 accepted a filing by various Calpine Corp. (NYSE: CPN) subsidiaries about a change in status due to a loss of a power contract for a Florida subsidiary.
“On June 30, 2014, you filed on behalf of Calpine Companies a notice of change in status stating that a 360 megawatt long-term power sales agreement from Osprey Energy Center, LLC has expired,” FERC noted. “Thus, Calpine Companies state that their uncommitted capacity increased in the Tampa Electric Company balancing authority area. You state that the expiration of this long-term power sales agreement does not affect the conditions the Commission relied upon when granting Calpine Companies market-based rate authority. Your filing was noticed on July 2, 2014, with comments, protests or interventions due on or before August 29, 2014. None was filed.”
The Osprey Energy Center is a gas-fired, 590-MW (summer rating) facility located in Auburndale, Fla. The June 30 Calpine notice didn’t name the party that had been contracting for this 360 MW of power.
Calpine and Duke Energy (NYSE: DUK) have lately been working on a deal for Duke Energy Florida to purchase the Osprey plant from Calpine. The Osprey Energy Center, which came on-line in 2004, consists of two Siemens 501FD combustion turbines, two heat recovery steam generators and one steam turbine. Power from the plant over the last 10 years has been sold to various Florida utilities, including Duke and Tampa Electric.