CPN: NYSE 15.12
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America’s Premier Power Generation Company
... Creating Power for a Sustainable Future

Calpine to Announce Third Quarter 2011 Results
and Provide 2012 Guidance on October 28, 2011

10/06/2011

HOUSTON, Oct 06, 2011 (BUSINESS WIRE) -- Calpine Corporation (NYSE:CPN) announced today that it plans to release third quarter 2011 financial results on Friday, October 28, 2011, before the opening of the New York Stock Exchange. Management will present the results during an investor call scheduled for 10:00 a.m. Eastern Time/9:00 a.m. Central Time on October 28. At the same time, management plans to provide guidance for 2012 financial performance.

A listen-only webcast of the call may be accessed through the Company's website at http://www.calpine.com, or by dialing (888) 771-4371 in the United States or (847) 585-4405 outside the United States. The confirmation code is 30885847. Please call in ten to fifteen minutes prior to the scheduled start time.

An archived recording of the call will also be made available on the website and can be accessed by dialing (888) 843-7419 in the United States or (630) 652-3042 outside the United States and providing confirmation code 30897052#.

About Calpine

Founded in 1984, Calpine Corporation is a major U.S. power company, currently capable of delivering approximately 28,000 megawatts of clean, cost-effective, reliable and fuel-efficient power from its 92 operating plants to customers and communities in 20 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 primarily 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 http://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, 2010. These filings are available by visiting the Securities and Exchange Commission's website at http://www.sec.gov or Calpine's website at http://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.

SOURCE: Calpine Corporation

Calpine Corporation
Media Relations:
Norma F. Dunn, 713-830-8883
norma.dunn@calpine.com
or
Investor Relations:
Bryan Kimzey, 713-830-8775
bryan.kimzey@calpine.com