text_combined: two announcements power calpine acquires skygen panda calpine form alliance news briefs calpine acquire skygen energy calpine corp said plans acquire skygen energy llc skygen energy michael polsky wisvest corp wisconsin energy corp affiliate 450 million plus assumption certain obligations skygen energy skygen energy acquisition along recently announced acquisitions would increase calpine 2004 operating portfolio 40 000 mw generation upon closing transaction expected third quarter 2000 calpine increase power portfolio 13 500 mw natural gas fired generation u acquire 34 general electric 7 fa gas turbines terms agreement calpine add three operating facilities 780 mw three projects construction 812 mw 13 late stage development facilities 5 258 mw 16 project development opportunities 6 615 mw skygen founded michael polsky 1991 skygen continue develop portfolio development projects wholly owned subsidiary calpine michael polsky serve president skygen member calpine board directors fund skygen energy recently announced acquisitions calpine obtained 1 billion short term credit facility bank nova scotia credit suisse first boston cibc world markets company expects refinance facility capital markets panda calpine form business alliance panda energy international calpine corp formed business alliance involving eight power plant projects panda development representing nearly 10 000 mw generating capacity terms agreement panda provide development capabilities carry projects construction phase calpine exclusive rights construct operate plants panda participate 50 cash flow calpine priority return projects within alliance included pact acquisition calpine 24 general electric 7 fa combustion gas turbines 12 steam turbines scheduled delivery 2001 2002 first project developed alliance oneta power partners l p 1 000 mw natural gas fueled power plant built coweta ok terms agreement calpine pay panda approximately 126 million includes reimbursement development costs payments gas steam turbines oneta facility oneta transaction expected close july scheduled go service 2002