Stephen J. Muscato Joins Calpine as SVP – Commercial Operations
November 30 2010 - 3:13PM
Business Wire
Calpine Corporation (NYSE:CPN) has named Stephen J. Muscato as
its Senior Vice President of Commercial Operations. He most
recently served as Senior Vice President of Commercial Operations
for Luminant Energy in Dallas.
Mr. Muscato will be based in Houston and will lead Calpine’s
natural gas and power trading activities, primarily focusing on
optimizing plant operations and managing commodity price risk.
“Stephen brings a solid track record of achievement in building
and managing effective trading organizations, and I fully expect he
will lead our Commercial Operations Group to even higher levels of
performance,” said Chief Operating Officer Thad Hill, to whom Mr.
Muscato will report. “We are very pleased to have him on board as
part of the team.”
Mr. Muscato began his career as a project engineer for National
Fuel Gas Company in Buffalo, N.Y., and later became a senior energy
trader for that company. He also served as an asset manager at
Pacificorp/TPC Corporation in Houston before joining Luminant in
1998. Mr. Muscato holds both bachelor’s and master’s degrees in
electrical engineering from the University of Rochester. He also
completed the management leadership program at Columbia Business
School.
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 Sept. 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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