CPN Calpine Corp.

SAN JOSE, Calif., Sept. 27 /PRNewswire-FirstCall/ -- Calpine Corporation's (NYSE:CPN) Chief Financial Officer, Bob Kelly, will speak at Deutsche Bank's Global High Yield Conference on Thursday, September 29, 2005. Kelly's presentation is scheduled to begin at 3:30 p.m. PDT. The presentation slides will be made available on Calpine's web site, http://www.calpine.com/, under Investor Relations. A major power company, Calpine Corporation supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and three Canadian provinces. Its customized products and services include wholesale and retail electricity, natural gas, gas turbine components and services, energy management, and a wide range of power plant engineering, construction and operations services. Calpine was founded in 1984. It is included in the S&P 500 Index and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information about Calpine, please visit the company's website at http://www.calpine.com/. DATASOURCE: Calpine Corporation CONTACT: media, Katherine Potter, ext. 1168, or investors, Karen Bunton, ext. 1121, both of Calpine Corporation, +1-408-995-5115 Web site: http://www.calpine.com/

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