06 November 2001
Calpine Corporation [NYSE:CPN], the nation’s leading independent power company, announced that it has completed a transaction with San Francisco-based Bechtel Enterprises Holdings, Inc., and has acquired Bechtel’s fifty percent interest in the Calpine/Bechtel Joint Development energy center projects. With this transaction, Calpine has acquired Bechtel’s development rights, equipment and assets for all of the joint development projects.