23.1.2008: Meldung: Calpine Signs Long-Term Contract

Calpine Corporation has signed a five and a half-year agreement with a group of Georgia electric cooperatives comprised of Snapping Shoals Electric Membership Corporation, Cobb Electric Membership Corporation, Diverse Power Incorporated, Excelsior Electric Membership Corporation, Central Georgia Electric Membership Corporation, Upson Electric Membership Corporation and Washington Electric Membership Corporation, to sell the full output of the company"s 225-megawatt Santa Rosa Energy Center, effective July 1, 2009. Calpine had temporarily suspended operations of the Pace, Fla.-based natural gas power plant in 2005 due to challenging market conditions in the Southeast. Calpine has fully restored operations of the Santa Rosa facility to supply the company"s existing five-year agreement with the seven-member electric cooperative group.

"The Georgia Cooperatives are valued customers, and we look forward to continuing to deliver dependable and cost-effective electricity for their growing membership," stated Calpine Chief Executive Officer Robert P. May. "It is gratifying to know that a once under-utilized asset is providing a needed energy resource for the cooperatives and the Southeastern power market."

The Santa Rosa Energy Center entered operations in June 2003. The plant"s advanced combined-cycle design allows Santa Rosa to efficiently generate electricity, making it an economically competitive energy resource.

"We are pleased to continue our partnership using Calpine"s advanced combined-cycle technology. This type of generation will continue to drive peak hour energy cost downward," praised Cobb Electric Membership Corporation CEO Dwight Brown.

"This transaction represents a unique opportunity for us to demonstrate Georgia"s Electric Cooperative Members" commitment to energy efficient solutions for Georgia," said Energy Consulting Group President Anis Sherali.

Calpine Corporation is helping meet the needs of an economy that demands more and cleaner sources of electricity. Founded in 1984, Calpine is a major U.S. power company, capable of delivering nearly 24,000 megawatts of clean, cost-effective and reliable electricity to customers and communities in 18 states in the U.S. The company owns, leases and operates low-carbon, natural gas-fired and renewable geothermal power plants. Using advanced technologies, Calpine generates electricity in a reliable and environmentally responsible manner for the customers and communities it serves. Please visit http://www.calpine.com/ for more information.

In addition to historical information, this release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. We use words such as "believe," "intend," "expect," "anticipate," "plan," "may," "will" and similar expressions to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all 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. Such risks and uncertainties include, but are not limited to: (i) the risks and uncertainties associated with our Chapter 11 cases and Companies" Creditors Arrangement Act (CCAA) proceedings of certain of Calpine"s Canadian affiliates, including our ability to successfully reorganize and emerge from Chapter 11; (ii) our ability to implement our business plan; (iii) financial results that may be volatile and may not reflect historical trends; (iv) seasonal fluctuations of our results; (v) potential volatility in earnings associated with fluctuations in prices for commodities such as natural gas and power; (vi) our ability to manage liquidity needs and comply with covenants related to our existing financing obligations and anticipated exit financing; (vii) the direct or indirect effects on our business of our impaired credit including increased cash collateral requirements in connection with the use of commodity contracts; (viii) transportation of natural gas and transmission of electricity; (ix) the expiration or termination of our power purchase agreements and the related results on revenues; (x) risks associated with the operation of power plants including unscheduled outages; (xi) factors that impact the output of our geothermal resources and generation facilities, including unusual or unexpected steam field well and pipeline maintenance and variables associated with the waste water injection projects that supply added water to the steam reservoir; (xii) risks associated with power project development and construction activities; (xiii) our ability to attract, retain and motivate key employees; (xiv) our ability to attract and retain customers and contract counterparties; (xv) competition; (xvi) risks associated with marketing and selling power from plants in the evolving energy markets; (xvii) present and possible future claims, litigation and enforcement actions; (xviii) effects of the application of laws or regulations, including changes in laws or regulations or the interpretation thereof; and (xix) other risks identified from time-to-time in Calpine"s reports and registration statements filed with the SEC, including, without limitation, the risk factors identified in its Annual Report on Form 10-K for the year ended December 31, 2006 and Quarterly Reports on Form 10-Q. 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. Unless specified otherwise, all information set forth in this release is as of today"s date and Calpine undertakes no duty to update this information. For additional information about Calpine"s chapter 11 reorganization or general business operations, please refer to Calpine"s Annual Report on Form 10-K for the fiscal year ended December 31, 2006, Calpine"s Quarterly Reports on Form 10-Q, and any other recent Calpine report to the Securities and Exchange Commission. These filings are available by visiting the Securities and Exchange Commission"s website at http://www.sec.gov/ or Calpine"s website at http://www.calpine.com/ .
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