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Calpine Completes Purchase of Granite Ridge Energy Center in New England

HOUSTON--(BUSINESS WIRE)--Calpine Corporation (NYSE:CPN) today completed the acquisition of Granite Ridge Energy Center, a natural gas-fired, combined-cycle power plant located in Londonderry, New Hampshire, approximately 45 miles northwest of Boston. Calpine purchased the plant, which has a nameplate generating capacity of 745 megawatts, from Granite Ridge Holdings for $500 million, or approximately $671 per kilowatt, subject to working capital adjustments.