Free Republic

LONDON, May 30 (Reuters) - U.S.-based power producer Calpine Corp. (CPN.N: Quote, Profile, Research) has sold a British power station to the UK's International Power Plc (IPR.L: Quote, Profile, Research) and Japan's Mitsui & Co. Ltd (8031.T: Quote, Profile, Research) for 500 million pounds ($912 million), the Financial Times newspaper reported on Monday.International Power will take 70 percent of the Saltend unit under a partnership which will hand the other 30 percent to the Japanese trading house, the FT's Web site (http://www.ft.com) reported without citing sources. No one from International Power could be reached for comment. A Mitsui spokesman said...

Calpine Considers Strategic Alternatives, Including Possible Sale, for Saltend Energy Centre SAN JOSE, Calif. (AP) -- Calpine Corp., an operator of natural gas-fired and geothermal power plants, said Thursday it is evaluating strategic alternatives -- including a possible sale -- for its Saltend Energy Centre power plant. The company has retained Credit Suisse First Boston to act as its adviser in this process. Calpine purchased the 1,200-megawatt plant in Hull, England in late 2001 for about $800 million. The plant delivers steam and a portion of its electrical output to an adjacent chemical facility. The majority of the plant's output...