In August 2017, ECP announced the $17 billion take-private of Calpine, which closed on the transaction in March 2018.

Calpine Corporation is one of America’s largest generators of electricity from natural gas and geothermal resources with a portfolio of 77 power plants accounting for approximately 26,000 megawatts of generation capacity. Through its wholesale power operations and retail businesses, Calpine serves customers in 22 states, Canada and Mexico.

Calpine’s clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. Calpine is positioned to benefit from the secular trends affecting the power industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.