CPN Calpine Corp.

SAN JOSE, Calif., Oct. 18 /PRNewswire-FirstCall/ -- Calpine Corporation (NYSE:CPN), in response to an article in today's NY Post, stated: "Calpine confirms that Kirkland & Ellis is a long-time advisor for the company. Kirkland & Ellis, along with other law firms, continues to advise the company on a variety of issues, including ongoing matters and litigation with its secured note holders. "While it is not Calpine's policy to respond to market rumors or discuss our outside counsel, we feel compelled to comment today to quell market rumors that may be placing unwarranted pressure on Calpine's equity and bond securities." A major power company, Calpine Corporation supplies customers with electricity from clean, efficient, natural gas-fired and geothermal power plants. 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, visit http://www.calpine.com/ . This news release discusses certain matters that may be considered "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, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results including the risks identified from time-to-time in the Company's reports and registration statements filed with the SEC, including the risk factors identified in its Annual Report on Form 10-K for the year ended December 31, 2004, and its form 10-Q for the three months ended June 30, 2005, which can also be found on the Company's website at http://www.calpine.com/. All information set forth in this news release is as of today's date, and the Company undertakes no duty to update this information. DATASOURCE: Calpine Corporation CONTACT: Katherine Potter, Media Relations, +1-408-792-1168, or Karen Bunton, Investor Relations, +1-408-792-1121, both of Calpine Corporation Web site: http://www.calpine.com/

Copyright