Calpine’s Geothermal Visitors Center to Be Dedicated in Honor of Company Founder Pete Cartwright

Calpine Corporation (NYSE:CPN) is dedicating its Geothermal Visitors Center today in a private dedication ceremony in honor of company founder Pete Cartwright. Calpine is honoring Cartwright for his vision, dedication and commitment to promoting The Geysers, furthering geothermal energy production and fostering environmental stewardship as a pioneer in green, renewable power production. The recognition ceremony will take place at the Cartwright Geothermal Visitors Center in Middletown, Calif., and will be attended by Calpine executives, state and local elected officials, and community leaders.

In 1984, Cartwright founded Calpine, an independent power company focusing on geothermal and natural gas-fired power plants. He served as the company’s first CEO until his retirement in 2005.

“We are proud to honor a lifetime of dedication to clean, reliable power generation in California and across the United States. Pete is a visionary, who has made incredibly significant contributions to the energy industry during his 50-plus-year career,” said Calpine President and CEO Jack Fusco. “It is an honor to recognize the founder of this groundbreaking company.”

Since opening in 2001, Calpine’s Geothermal Visitors Center has received over 60,000 visitors from all 50 states and from 77 countries around the world. Visitors come to learn about Calpine, The Geysers and the vital role of geothermal energy in California’s energy portfolio. The Visitors Center also serves as a venue for community and civic involvement for Lake County.

“The dedication of the Geothermal Visitors Center is such an honor for me,” said Cartwright. “I am excited that so many people are able to come together this evening in support of this effort that we began a long time ago.”

Early in his career, Cartwright joined Princeton University’s Project Matterhorn, an Atomic Energy Commission project developing thermonuclear energy. He spent 19 years with General Electric’s Nuclear Energy Division, helping to build nuclear power plants in India, Japan, Taiwan, and Mexico. Cartwright also was active in designing and building geothermal power plants at The Geysers, in Utah and in Southern California.

Cartwright recently formed Avalon EcoPower, a company dedicated to developing, owning and operating renewable power projects backed by natural gas-fired power plants. He also has been active in environmental affairs and currently serves on the board of directors for the Sierra Club Foundation, as chairman of Symphony Silicon Valley, and as a member of the Santa Clara Valley Ethics Group.

Calpine’s operation at The Geysers comprises the largest geothermal power facilities in the world. The green power produced by The Geysers reduces carbon dioxide and has offset billions of pounds of greenhouse gases that would have been released from traditional plants.

Calpine at The Geysers

Calpine’s 15 operating Geysers power plants in Northern California sit on the largest geothermal field in the world and are the largest baseload renewable power resource in the United States. Calpine’s Geysers plants generate approximately 21% of California’s renewable energy. Given the increasing importance of renewable energy – particularly in California, which is setting the precedent for national renewable portfolio standards – Calpine’s geothermal plants fill a vital role. Available every minute of every day and posing none of the grid integration challenges of other renewable resources, these plants are one reason Calpine is a generation ahead, today. For more information, please contact the center by telephone at 1-866-GEYSERS or check the Web site at www.geysers.com.

About Calpine

Founded in 1984, Calpine Corporation is a major U.S. power company, currently capable of delivering nearly 25,000 megawatts of clean, cost-effective, reliable and fuel-efficient power to customers and communities in 16 states in the United States and Canada. Calpine 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 Web site 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. These filings are available by visiting the Securities and Exchange Commission's Web site at www.sec.gov or Calpine's Web site 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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