CPN Calpine Corp.

Calpine Withdraws Plans for LNG Project in Eureka, Calif. SAN JOSE, Calif., March 18 /PRNewswire-FirstCall/ -- Calpine Corporation has withdrawn its plans to proceed with a liquefied natural gas terminal at Samoa Point, in Eureka, Calif., and is ceasing development activities. "Based on feedback from the local community and public officials, we believe this decision is best for all parties," said Calpine Vice President Ken Koye. Calpine values its relationships with the communities where its plants are located. While there can be differences of opinion, Calpine seeks a clear majority of support for proposed projects. "The Eureka City Council, the city staff and community leaders are to be commended for their time and effort in considering the project," continued Koye. "We appreciate those who worked with us to explore the potential for the project." Calpine Corporation, celebrating its 20th year in power in 2004, is a leading North American power company dedicated to providing electric power to wholesale and industrial customers from clean, efficient, natural gas-fired and geothermal power facilities. The company is listed on the S&P 500 and was named Fortune's 2004 America's Most Admired Energy Company. Calpine was founded in 1984 and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information, visit http://www.calpine.com/. DATASOURCE: Calpine Corporation CONTACT: press, Katherine Potter, ext. 1168, or investors, Rick Barraza, ext. 1125, both of Calpine Corporation, +1-408-995-5115 Web site: http://www.calpine.com/

Copyright