Calpine Corp. (CPN) said it completed the sale of the Broad River Energy Center to Broad River Power LLC, an affiliate of Energy Capital Partners LLC, for $427 million plus adjustments, or approximately $504 per kilowatt.
Located in Gaffney, South Carolina, the Broad River Energy Center is an 847 megawatt simple-cycle, natural gas-fired power plant. It began commercial operations in June 2000 and has two long-term power contracts with Carolina Power & Light Co., a subsidiary of Duke Energy Corp.
Calpine announced the planned transaction when it reported its third-quarter earnings in November 2012, and the sale was approved by the Federal Energy Regulatory Commission on December 18.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.