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Calpine Corporation Names Thad Hill Chief Operating Officer

11/08/2010

HOUSTON, Nov 08, 2010 (BUSINESS WIRE) -- Calpine Corporation (NYSE:CPN) today announced that Thad Hill has been named Chief Operating Officer. Mr. Hill has been with Calpine since September 2008, serving as Executive Vice President and Chief Commercial Officer.

"Thad has been instrumental in driving Calpine's charge toward excellence," said Calpine President and Chief Executive Officer Jack A. Fusco. "On his watch, our power and commercial operations groups have made great strides in improving efficiency and availability and in meeting our customers' needs. I am confident that given his leadership skills, drive and intellect, as COO he will continue to add value for Calpine and its shareholders."

Mr. Hill, 43, 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.

About Calpine

Founded in 1984, Calpine Corporation is a major U.S. power company, currently capable of delivering nearly 29,000 megawatts of clean, cost-effective, reliable and fuel-efficient power from its 93 operating plants to customers and communities in 21 U.S. states and Canada. Calpine Corporation is committed to helping meet the needs of an economy that demands more and cleaner sources of electricity. Calpine owns, leases and operates low-carbon, natural gas-fired and renewable geothermal power plants. Using advanced technologies, Calpine generates power in a reliable and environmentally responsible manner for the customers and communities it serves. Please visit our website at www.calpine.com for more information.

Forward-Looking Information

In addition to historical information, this release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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 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. Please see the risks identified in this release or 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 Dec. 31, 2009, and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2010. These filings are available by visiting the Securities and Exchange Commission's website at www.sec.gov or Calpine's website at www.calpine.com. 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.

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SOURCE: Calpine Corporation

Calpine Corporation
Norma F. Dunn, 713-830-8883
Media Relations
norma.dunn@calpine.com
Andre Walker, 713-830-8775
Investor Relations
andrew@calpine.com