26.05.03

26.5.2003: Meldung: Calpine Corp.: Maturity Extension

Calpine Receives Maturity Extension on Existing Working Capital Facilities
Friday May 23, 4:50 pm ET

SAN JOSE, Calif., May 23 -- Calpine Corporation (NYSE: CPN - News), a leading North American power company, today announced that the bank groups on its two existing working capital facilities, totaling approximately $950 million, have agreed to extend the maturity dates to June 16, 2003. The extension of the maturity dates will provide Calpine and the banks sufficient time to finalize the terms and conditions for a new, two-year $1 billion working capital facility.

Calpine Corporation is a leading North American power company dedicated to providing wholesale and industrial customers with clean, efficient, natural gas-fired and geothermal power generation and a full range of energy products and services. The company generates power at plants it owns or leases in 22 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, and it owns approximately one trillion cubic feet equivalent of proved natural gas reserves in Canada and the United States. The company was founded in 1984 and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information about Calpine, visit www.calpine.com.


Source: Calpine Corporation
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