CPN: NYSE 10.77
+0.00 +0% Volume: 1,949,900 March 27, 2017
America’s Premier Power Generation Company
... Creating Power for a Sustainable Future

Thad Hill , , , President and Chief Executive Officer

Thad Hill became Calpine’s President and Chief Executive Officer and a member of its Board of Directors in May 2014. Mr. Hill joined the company in September 2008 as Executive Vice President and Chief Commercial Officer. He became Chief Operating Officer in November 2010 and was named President in December 2012. Prior to Calpine, Mr. Hill was with NRG Energy from 2006 to 2008, serving as President of NRG Texas in 2007- 2008. Prior to NRG, Mr. Hill was Executive Vice President of Strategy and Business Development at Texas Genco LP from 2005 to 2006. From 1995 to 2005, he was with Boston Consulting Group Inc., where he rose to Partner and Managing Director and led the North American energy practice, serving companies in the power and gas sector with a focus on commercial and strategic issues. Mr. Hill received his Bachelor of Arts degree from Vanderbilt University magna cum laude and a Master of Business Administration degree from the Amos Tuck School of Dartmouth College, where he was elected an Edward Tuck Scholar.

Thad Miller , , , Executive Vice President, Chief Legal Officer and Secretary

W. Thaddeus Miller joined Calpine Corporation in August 2008 as Executive Vice President, Chief Legal Officer and Secretary. Mr. Miller brings almost 30 years of legal experience to Calpine, the last 20 years of which have been in the energy industry. He recently served as Executive Vice President and Chief Legal Officer of Texas Genco Inc. until 2006. From 2002 to 2004, Mr. Miller was a consultant to Texas Pacific Group, a private equity firm. From 1998 to 2002, he served as Executive Vice President and Chief Legal Officer of Orion Power, an independent power producer. From 1994 to 1998, Mr. Miller was Vice President of Goldman Sachs & Co., where he focused on wholesale electric and other energy commodity trading. Before joining Goldman Sachs & Co., Mr. Miller was a partner in a New York law firm. Mr. Miller earned his Bachelor of Science degree from the United States Merchant Marine Academy and his Juris Doctor from St. John's School of Law. In addition, he was an officer in the United States Coast Guard.

Zamir Rauf , , , Executive Vice President and Chief Financial Officer

Zamir Rauf has served as Executive Vice President and Chief Financial Officer since December 2008. Mr. Rauf previously was interim Chief Financial Officer and Treasurer from June 2008 to December 2008. Prior to his role as Interim CFO, Mr. Rauf was Senior Vice President, Finance and Treasurer at Calpine. In that position, he had responsibility for Calpine's corporate and project finance, treasury and debt compliance functions and managed the corporate banking, investment banking and rating agency relationships. Prior to Calpine, Mr. Rauf held various accounting and finance roles with Enron North America and Dynegy Inc., as well as Comerica Bank in both credit and lending roles. He earned his Bachelor of Arts degree in business and commerce and master's degree in business administration-finance from the University of Houston.

Trey Griggs , , , Executive Vice President and President, Calpine Retail

W.G. (Trey) Griggs III has served as Calpine’s Executive Vice President and President of Calpine Retail since February 2017. In this role, he leads the integration and expansion of Calpine’s retail power platforms, Champion Energy Services and Calpine Energy Solutions. Mr. Griggs joined the company in June 2015 as its Executive Vice President and Chief Commercial Officer. Previously Mr. Griggs was a Managing Director at Goldman Sachs & Co., leading its North American Energy Risk Management activities and its Houston Trading Office beginning in 2011. Prior to that, he served in various roles with Goldman Sachs’ commodities group in New York. From 1995-2000, he was an attorney at law firms in Houston and Greenville, S.C. Mr. Griggs holds an MBA from the Wharton School of the University of Pennsylvania, a Juris Doctorate from University of Houston School of Law, and a Bachelor of Arts degree from Vanderbilt University.

Charlie Gates , , , Executive Vice President of Power Operations

Charlie Gates joined Calpine as Executive Vice President of Power Operations in April 2016. Previously, Mr. Gates had served as Senior Vice President and Chief Fossil/Hydro Officer for Duke Energy Corporation since August 2014. He had been Duke’s SVP of Power Generation Operations since July 2012, when Progress Energy merged with Duke. Mr. Gates had served in a similar capacity for Progress since January 2012 after being promoted from Vice President of Fossil Generation for Progress Energy for the Carolinas and Florida. He was previously General Manager of Progress Energy Florida from the time the company merged with Carolina Power & Light Company in 2001 to 2006. Mr. Gates began his power industry career with Carolina Power & Light in 1982 as an associate engineer and moved up through increasingly responsible positions to become General Manager of five fossil-fuel plants in 2000. Mr. Gates’ other industry leadership roles include serving as Chairman of the Generation Council for the Electric Power Research Institute. He earned bachelor’s degrees in chemical engineering from North Carolina State University and in political science from the University of North Carolina.

Hether Benjamin Brown , , , Senior Vice President and Chief Administrative Officer

Hether Benjamin Brown has served as Calpine’s Senior Vice President and Chief Administrative Officer since May 2014. In this role, she oversees the company’s Human Resources, Information Technology and Facilities functions. Ms. Benjamin Brown previously served as Calpine’s Senior Vice President of Human Resources beginning in February 2012. In this role, she led staffing and talent acquisition, organizational development, and compensation and benefits. She joined Calpine in May 2009 as Vice President of Supply Chain Services, and in that position she transformed and centralized Calpine’s supply chain function to improve efficiency, lower costs and leverage the company’s size and scale nationally. Prior to joining Calpine, she was Director of Supply Chain Management for the University of Texas M.D. Anderson Cancer Center. Previously, Ms. Benjamin Brown served in leadership roles of increasing responsibility at other public- and private-sector organizations in the aerospace/defense, environmental/waste and information technology industries. She holds a Bachelor of Arts in political science from the University of Texas at Arlington and a Master of Business Administration from Texas Women’s University.

Shonnie Daniel , , , Senior Vice President, Deputy General Counsel, Assistant Secretary

Shonnie Daniel leads legal teams at Calpine that are responsible for supporting our power, retail and trading operations; mergers and acquisitions; construction and development; and our land group. Ms. Daniel joined Calpine in 2005 and assumed leadership of the Houston legal team in 2007 as Vice President, Associate General Counsel. She became Assistant Secretary of Calpine in 2011 and Deputy General Counsel in December 2012. Prior to joining Calpine, Ms. Daniel was principal in a certified woman-owned energy consulting and natural gas and power marketing company. She has also served as assistant general counsel for other publicly traded energy companies. Ms. Daniel earned a Bachelor of Business Administration in Accounting from West Texas State University and her law degree from the University of Texas, where she graduated with honors.

Mauricio del Valle , , , Senior Vice President of Finance and Chief Risk Officer

Mauricio del Valle has served as Calpine’s Senior Vice President of Finance since January 2017 and as Chief Risk Officer since January 2015. He oversees the company’s risk management and credit framework as well as its financial analysis and trading compliance functions and is charged with ensuring that the risks of the company are aligned with the risk appetite and parameters defined by the Board of Directors. Mr. del Valle joined Calpine in August 2013 as Vice President of Financial Planning and Analysis. Previously, Mr. del Valle served as Executive Director of Morgan Stanley’s Investment Banking, Global Power and Utility Group. Prior to that, he had held positions of increasing responsibility with Deutsche Bank, Vertix and Marsh & McLennan (Guy Carpenter Reinmex). He holds a Master of Business Administration from the Darden Graduate School of Business Administration at the University of Virginia, a Master of Finance from Instituto Tecnológico Autónomo de México (ITAM), and a Bachelor of Science, Actuary, from ITAM.

Jeff Koshkin , , , Senior Vice President and Chief Accounting Officer

Jeff Koshkin has served as Calpine’s Senior Vice President and Chief Accounting Officer since August 1, 2015. He joined Calpine in December 2008 and has served in a number of leadership roles including the Controller of Commercial Operations and Controller of Corporate and Plant Accounting, as well as in interim roles heading Financial Planning and Analysis and as Chief Risk Officer. Prior to Calpine, Mr. Koshkin was a Senior Manager in the Regulatory and Capital Markets practice for Deloitte and Touche, LLP. He holds a master’s degree in Professional Accounting from the University of Texas at Austin. Mr. Koshkin is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants.

Tom Long , , , Senior Vice President, Asset Performance Management

Tom Long was named Calpine’s Senior Vice President of Asset Performance Management in October 2016. In this role, he leads the company’s asset management, operational analytics, project development and strategic procurement functions. Previously, Mr. Long served as Vice President of Development and Optimization Engineering since October 2011. He joined Calpine in 2000 through Calpine’s acquisition of SkyGen Energy, which he joined in 1994 and served in a number of roles in development, engineering, procurement and construction. Mr. Long holds a Bachelor of Science in Mechanical Engineering from Iowa State University and an MBA from the University of Illinois at Chicago.

Alex Makler , , , Senior Vice President, West Region

Alex Makler has served as Senior Vice President of Calpine’s West Region since May 2014. In this role, he leads the company’s commercial team in California and the West, and he collaborates with the Government & Regulatory Affairs team on policy and advocacy efforts in the region. Previously, Mr. Makler served as Calpine’s Vice President of Strategic Origination and Development for the West Region from January 2009 to May 2014. He joined Calpine’s legal department in 1999, where he served as the company’s lead attorney for California energy crisis matters and became Vice President and Assistant General Counsel. He has a background in commercial transactions, project financing, federal and state regulatory activities, legislative issues, mergers and acquisitions, and all aspects of electric generation development. Prior to Calpine, Mr. Makler practiced commercial law with major law firms in New York, Houston and San Francisco. He earned both a Bachelor of Arts degree in Political Economy and a law degree from the University of California, Berkeley.

Kevin G. McMahon , , , Senior Vice President, Internal Audit and Chief Compliance Officer

Kevin G. McMahon serves as Senior Vice President, Internal Audit and Chief Compliance Officer. He joined Calpine in May 2006 to lead the Internal Audit function and took on the added role of Chief Compliance Officer in August 2009. Mr. McMahon is responsible for managing and conducting all internal audit activities, supporting operations and the functional departments as requested, managing the Sarbanes Oxley (SOX) compliance oversight program, leading records management activities and reporting audit findings with the appropriate recommendations to senior management and the Audit Committee. In addition, he oversees the company’s regulatory compliance efforts with particular emphasis on ensuring that proper procedures are in place to help the company meet all FERC and NERC regulatory requirements. Prior to joining Calpine, he was Vice President and General Auditor for Exide Technologies, a global manufacturer of stored electrical energy products and services for industrial and transportation applications. He previously served as Vice President-Internal Audit Services and in other senior auditing positions for HCA, Inc., the largest hospital provider in the United States, and served in senior management and auditing positions for Ernst & Young LLP, Southern Company Services, FPL Group and HSBC/Marine Midland Bank N.A. Mr. McMahon has a Master of Business Administration degree from Palm Beach Atlantic University and a Bachelor of Science degree in accounting from the State University of New York. He is both a Certified Internal Auditor (CIA) and Certified in Risk Management Assurance (CRMA).

Sarah  Novosel , , , Senior Vice President, Government Affairs

Sarah Novosel is Senior Vice President of Government Affairs and Managing Counsel for Calpine. She manages Calpine's Washington, D.C., office and directs its federal regulatory practice. Ms. Novosel has been practicing energy law for more than 25 years. She began her career in 1991 with the law firm of Bracewell & Patterson in Washington, D.C., where she represented natural gas and power marketing clients. After leaving Bracewell & Patterson in 1997, Ms. Novosel joined Enron Corp. and later worked for American Electric Power. She joined Calpine in 2004 as Senior Regulatory Counsel and was promoted in 2007 to her present position. A graduate of the University of Maryland with a bachelor's degree in Government and Politics, Ms. Novosel earned her law degree from Georgetown University Law Center. She is a member of the Maryland State Bar, the District of Columbia Bar and the Energy Bar Association.

Andrew Novotny , , , Senior Vice President, Commercial Operations

Andrew Novotny has served as Calpine’s Senior Vice President of Commercial Operations since May 2014. In this role, he leads the company’s asset portfolio trading team, which includes power and gas trading and logistics across North America. Andrew joined Calpine in April 2012 as Vice President of Power Trading. In this role, he led the Energy Trading Risk Management system team and took on responsibility for the financial trading group in December 2012. In 2013, he oversaw Calpine’s Southeast power trading group and financial gas hedging. Before joining Calpine, Andrew served as Vice President of Financial Gas and Power Trading for the BG Group beginning in 2007. Prior to his time at the BG Group, Andrew was a Vice President with Duke Energy. Andrew received a Bachelor of Arts from Vanderbilt University, graduating magna cum laude with high honors in Economics. He also received a Master of Business Administration from Rice University, where he was named a Jones Scholar.

Rick Peña , , , Senior Vice President, Mergers, Acquisitions and Integration

Rick Peña leads Calpine’s merger and acquisition activities as well as the integration of acquired businesses. His accomplishments at Calpine have included negotiating acquisitions and divestitures of power plants that advanced the company’s strategic priorities of building scale in key competitive markets, as well as the acquisition of retail platforms that provide more direct channels to our power customers. Mr. Peña joined Calpine in June 2007 as a Director of Strategic Origination, serving our Southeast, ERCOT and North regions over the years. He was named Vice President of Corporate Development in January 2013. Prior to joining Calpine, Mr. Peña served as Manager of Mergers and Acquisitions for Direct Energy and as a Senior Analyst, Commercial Services, at Duke Energy North America. He earned his bachelor’s degree in Finance from Texas A&M University.

Steven Schleimer , , , Senior Vice President, Government and Regulatory Affairs

Steven Schleimer has been Calpine’s Senior Vice President for Government and Regulatory Affairs since January 1, 2014. He had previously served as Vice President of Government and Regulatory Affairs for Calpine’s North Region since 2010. From 2006 to 2010, Mr. Schleimer was Vice President at Barclays Capital in New York and was responsible for market design and regulatory issues. Prior to that, he had served as Calpine’s Vice President of Market and Regulatory Affairs in the West Region from 2000 to 2006. Mr. Schleimer spent the first 12 years of his career at Pacific Gas and Electric Company. He earned a master’s degree and a bachelor’s degree, with highest honors, in Economics from the University of California at Santa Cruz.

Caleb Stephenson , , , Senior Vice President, Wholesale Origination and Commercial Analytics

Caleb Stephenson has served as Calpine’s Senior Vice President of Wholesale Origination and Commercial Analytics since February 2017. In this role, he is responsible for the teams who develop wholesale customer relationships and new power projects as well as those who analyze factors affecting the company’s commodity margin performance, including market, regulatory, contractual and operational factors. Mr. Stephenson joined Calpine in October 2008 as Vice President of Commercial Analytics and became Senior Vice President of Commercial Analytics in May 2014. He came to Calpine from PA Consulting Group’s Global Energy Practice, where he advised merchant power industry participants on energy market outlook and risk management issues. He holds a bachelor’s degree in history and social studies from Oral Roberts University and a Master of Business Administration in finance from Washington University.

Michael Sullivan , , , President & CEO, Champion Energy

Michael Sullivan has led Calpine’s retail business, Champion Energy, as President and Chief Executive Officer since March 2016. He joined Champion Energy as Senior Vice President of Operations in 2008 and was promoted to Chief Operating Officer in 2010. In that role, he was responsible for all aspects of the company’s day-to-day operations, including commercial and residential sales, wholesale supply and customer operations. Prior to joining Champion Energy, Mr. Sullivan was a founding partner of Ambridge Energy, LLC, which merged with Champion Energy in June 2008. Prior to founding Ambridge, he held several roles at Reliant Energy. Mr. Sullivan’s career began at Anderson Consulting. He earned a Bachelor of Science in finance from the University of South Alabama and a Master of Business Administration from Baylor University. Click here to learn more about Champion’s leadership team.

Todd Thornton , , , Senior Vice President, Origination and Development

Todd Thornton has served as Calpine’s Senior Vice President of Origination and Development since May 2014. In this role, he leads development and origination activities throughout our central and eastern regions. Previously, Mr. Thornton was appointed to the position of Vice President of Commercial Development in January 2013, responsible for greenfield and brownfield development efforts. From 2009-2013, he served as Vice President, Finance and Treasurer, responsible for corporate and project finance, treasury operations, investment analytics, debt compliance and commercial credit. Mr. Thornton joined Calpine in 2000 through Calpine’s acquisition of SkyGen Energy, where he served in various financial roles. Mr. Thornton earned a Bachelor of Science degree in Finance from Northern Illinois University and holds the Chartered Financial Analyst (CFA) designation.

Jim Wood , , , President, Calpine Energy Solutions

Jim Wood serves as president of Calpine’s commercial and industrial retail subsidiary, Calpine Energy Solutions. As one of America’s top retail energy marketers, Calpine Energy Solutions supplies electricity and natural gas to companies and helps them manage their energy risk. Mr. Wood was President of Noble Americas Energy Solutions (Noble Solutions) before Calpine purchased that company in December 2016. He joined Noble Solutions’ predecessor company, Sempra Energy Solutions LLC, as Vice President in 2002 and was responsible for its growth strategy before becoming president in 2006. Previously, he served in progressively responsible roles at Enron and its subsidiaries from 1990-2002, finishing as Senior Director-Product and Market Management/Development. Mr. Wood earned a bachelor’s degree in marketing from Miami University in Oxford, Ohio.