During an earnings call Friday, as Calpine discussed its decision to retire its Clear Lake Power Plant in Texas, CEO Thad Hill made the following claim in response to an analyst question on whether other generation in the market faced similar economics:

"When we do the math, we think, you know, it's a third of the market, or 30% of the market, is losing money or breakeven at best, and that includes a lot of coal plants, that also includes some of the older gas steamers that are in the market. So, what others will do will be up to them. But the economics appear to be fairly clear from the outside looking in, so we'll see what people do over time."

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Texas   ERCOT   Energy-Only   Calpine  

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