22.12.2004: Meldung Calpine Donates Electricity to nonprofit organization

Calpine Corporation is brightening the holidays and New Year for the Houston Food Bank and its member agencies by gifting the nonprofit organization with Calpine"s first in-kind donation of electricity in the United States. The independent power producer will provide all of the electricity to the Houston Food Bank"s headquarters from its network of 11 Texas power plants beginning December 1, 2004, through December 31, 2006.

Valued at approximately $6,000 per month, the annual donation of close to $72,000 will be the largest single charitable donation Calpine will make in 2005.

"We are in awe of this tremendous gift from Calpine Corporation, and its value goes way beyond its monetary one," says Houston Food Bank President and CEO Brenda Kirk. "This donation will touch the lives of hundreds of thousands of needy residents in the Gulf Coast region with a gift of hope and help in the form of nutritious meals. This donation allows us to take funding earmarked for utilities and redirect it to feeding the hungry in Houston and 17 additional counties across Texas. We estimate that Calpine"s donation will allow us to provide more than 2 million additional meals to those in need."

Demand for electricity is around-the-clock at the Houston Food Bank headquarters, a 73,000-square-foot warehouse facility that also houses the organization"s businesses offices and features 151,000 cubic feet of refrigeration and freezer space for storage of nonperishable items previous to distribution. The Houston Food Bank"s distinction as the national leader among food banks in the distribution of fresh fruits and vegetables also makes this massive refrigeration space a necessity.

This donation is Calpine"s first step toward making in-kind donations of its electricity to help serve the hungry and homeless in our communities. They plan to pursue similar programs with the Emergency Housing Consortium and Second Harvest Food Bank in San Jose, California, where the company is headquartered.

Calpine"s support of the Houston Food Bank also includes the donation of hundreds of pounds of food by company volunteers during Share Your Holidays Food Drives; the creation of a "Go Nuts" Food Drive at the new Calpine Center in downtown Houston to gather and donate hundreds of jars of peanut butter to help children who wouldn"t have access to school meals during the summer; and on-going volunteer hours by generous employees at the Houston Food Bank warehouse to assist the Food Bank in sorting food for distribution to the hungry.

Calpine Corporation is a North American power company dedicated to providing electric power to customers from clean, efficient, natural gas-fired and geothermal power plants. The company generates power at plants it owns or leases in 21 states in the United States, three provinces in Canada and in the United Kingdom. Calpine is also the world"s largest producer of renewable geothermal energy. The company is listed on the S&P 500 and was named FORTUNE"s 2004 Most Admired Energy Company. The company was founded in 1984 and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information, visit www.calpine.com.

The Houston Food Bank, now in its 22nd year of operation, is a private, nonprofit organization that feeds the hungry by providing food and other essentials to more than 400 member programs in 18 southeast Texas counties. Since its inception, the Houston Food Bank has distributed more than 343 million pounds of food to pantries, shelters for the homeless, nutrition programs for children and the elderly, and disaster relief efforts. In addition to its food distribution activities, the Houston Food Bank provides nutrition education directly to those in need through programs including Kids Cafe and Operation Frontline. The Houston Food Bank is a certified affiliate of America"s Second Harvest, The Nation"s Food Bank Network.

Source: Calpine Corporation
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