Calpine Corp. Building First Power Plant With Self-Imposed CO2 Limit

The jury is still out on whether the Obama administration will pass a cap-and-trade bill, but at least one utility is gearing up for potential regulations. Calpine Corp. announced this week that it plans to build the first power plant in the U.S. with a federal permit that sets a limit for CO2 output. The federal government didn't request this--Calpine took the initiative to get the permit for the 600 megawatt natural gas plant, which will be located in Hayward, California.

Calpine's plant...