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Calpine Monterey Cogeneration Plant Receives Green Business Certification

04/22/2008

HOUSTON & SAN JOSE, Calif.--(BUSINESS WIRE)--April 22, 2008--Based on its demonstrated commitment to the environment, Calpine Corporation's (NYSE:CPN) Monterey Cogeneration plant in Watsonville, Calif., has been selected to receive a Green Business Certification from the County of Santa Cruz Department of Public Works.

The Green Business Certification Program is a multi-faceted (soil, water and air) pollution prevention effort designed to encourage businesses to meet and exceed environmental standards while conserving natural resources. The program focuses on how a facility conducts its day-to-day operations in terms of being environmentally aware, promoting energy efficiency and reducing any and all waste streams. Calpine's Monterey Cogeneration facility is one of 34 businesses that will be honored today at the County of Santa Cruz Board of Supervisors meeting.

"As a good corporate citizen, Calpine takes its responsibility very seriously to help protect and preserve the environment. We operate one of the nation's largest and cleanest fleets of power generating assets," said Mike Rogers, Senior Vice President and President of Power Operations. "We are especially proud of the efforts at our Monterey Cogeneration facility to meet all the criteria to become a certified green business as part of the Monterey Bay Area Green Business Program," he said.

The Calpine Monterey Cogeneration plant is a 29-megawatt, natural gas-fueled, combined-cycle cogeneration facility that entered commercial service in 1990. Calpine is the largest owner and operator of combined heat and power facilities in the United States.

"Calpine made great strides in terms of greening their offices at their Watsonville facility," said Nancy Lockwood, City of Watsonville Public Works Department. "All employees at the site were trained on Green Business practices and they continue to make strides to improve environmental performance. Their office is a model for other offices in Watsonville that wish to achieve Green Business Certification," she said.

About Calpine

Calpine Corporation is helping meet the needs of an economy that demands more and cleaner sources of electricity. Founded in 1984, Calpine is a major U.S. power company, currently capable of delivering nearly 24,000 megawatts of clean, cost-effective, reliable, and fuel-efficient electricity to customers and communities in 18 states in the United States.

Calpine owns, leases, and operates low-carbon, natural gas-fueled, and renewable geothermal power plants. Using advanced technologies, Calpine generates electricity in a reliable and environmentally responsible manner for the customers and communities it serves. Please visit http://www.calpine.com for more information.

Forward Looking Statements

In addition to historical information, this release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Words such as "believe," "intend," "expect," "anticipate," "plan," "may," "will" and similar expressions identify forward-looking statements. Such statements include, among others, those concerning expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: (i) Calpine's ability to implement its business plan; (ii) financial results that may be volatile and may not reflect historical trends; (iii) seasonal fluctuations of result and exposure to variations in weather patterns; (iv) potential volatility in earnings associated with fluctuations in prices for commodities such as natural gas and power; (v) our ability to manage liquidity needs and comply with covenants related to the Exit Facilities and other existing financing obligations; (vi) Calpine's Ability to complete the implementation of its Plan of Reorganization and the discharge of its chapter 11 cases including successfully resolving any remaining claims: (vii) disruptions in or limitations on the transportation of natural gas and transmission of electricity; (viii) the expiration or termination of power purchase agreements and the related results on revenues; (ix) risks associated with the operation of power plants including unscheduled outages; (x) factors that impact the output of Calpine's geothermal resources and generation facilities, including unusual or unexpected steam field well and pipeline maintenance and variables associated with the waste water injection projects that supply added water to the steam reservoir; (xi) risks associated with power project development and construction activities; (xii) our ability to attract, retain and motivate key employees including filling certain significant positions within Calpine's management team; (xiii) our ability to attract and retain customers and counterparties; (xiv) competition; (xv) risks associated with marketing and selling power from plants in the evolving energy markets; (xvi) present and possible future claims, litigation and enforcement actions; (xvii) effects of the application of laws or regulations, including changes in laws or regulations or the interpretation thereof; and (xiii) other risks identified from time-to-time in Calpine's reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, the risk factors identified in its Annual Report on Form 10-K for the year ended December 31, 2007. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements and Calpine undertakes no obligation to update any such statements. Unless specified otherwise, all information set forth in this release is as of today's date.

CONTACT: Calpine Corporation
Media Relations:
Mel Scott, 713-570-4553
scottm@calpine.com
or
Investor Relations:
Andre Walker, 713-830-8775
andrew@calpine.com

SOURCE: Calpine Corporation