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Proposed Calpine Power Plant
aka Metcalf Energy Center

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Monday, October 29th, 2001 @ 12:31 PM
Subj: I've got mine
From: Timalton@aol.com

Are the "Not in My Back Yard" and the "I've Got mine, to Hell With You" gang two separate groups. Seems like Calpine/Bechtel fit the second description.

From today's Oakland Tribune I see that the President of Calpine thinks that state government should not violate it's contracts, which are lucrative for Calpine. When I signed the contract to purchase my house down here, the north Coyote valley had signs advertising land for Campus R&D not power plants. Who the hell is going to trust City zoning reulations now?

Governor wants to cut costs of power
Tough sell for Davis as suppliers balk

By Steve Geissinger
SACRAMENTO BUREAU

"If the politicians were to make all these contracts go away, ... who the hell is going to meet with the state and negotiate any (new) contracts?" asked Peter Cartwright, president of San Jose-based Calpine Corp., a major supplier of California power. We're not going to say no. We'd certainly sit down at the table with them and say, 'Let's see, maybe we can do this, maybe we can do that,'" said Calpine's Cartwright.

If state officials simply broke some of their contracts, not only would penalties be "very, very severe," but also "they would have completely blown their credibility, and no one would negotiate with them," Cartwright said.

His comments coincided with reports that Calpine's third-quarter profits more than doubled, despite a sharp drop in short-term electricity prices in California, one of its main markets. Analysts said Calpine's performance can be largely attributed to its long-term contracts with the state.

http://www.oaklandtribune.com/default.asp?puid=490&spuid=490&in dx=1174760&article=on

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