31.1.2006: Meldung: Calpine Names New Chief Financial Officer

Calpine Corporation announced today the appointment of Scott Davido as Chief Financial Officer effective February 1, 2006. Mr. Davido most recently held the position of Executive Vice President and President of the Northeast Region for NRG Energy, Inc. Eric N. Pryor, who had been serving as Interim Chief Financial Officer, will return to his position as Deputy Chief Financial Officer and Chief Risk Officer.

"We are very pleased to have someone with Scott"s expertise join our management team," said Robert P. May, Calpine"s Chief Executive Officer. "In addition to his broad industry knowledge, Scott brings with him extensive restructuring experience. I am confident that he will be a great asset as we work to complete our reorganization."

"I am excited to be part of the new Calpine team, and look forward to developing and implementing a plan for Calpine to emerge from its restructuring with a strong balance sheet to complement its highly competitive core asset base," said Mr. Davido. "My top priorities will include completing Calpine"s financial restructuring and helping set the company"s new strategic direction."

"I would like to thank Eric for stepping in as Interim Chief Financial Officer and for his invaluable support during a very critical period of time of transition for Calpine," added Mr. May. "Eric has done a terrific job and we look forward to his continued support as Deputy CFO and his contributions as a key member of our senior management team."

Mr. Davido has served as Executive Vice President and President for the Northeast Region of NRG Energy since April 2004. He was Chairman of the Board of NRG Energy from May to December 2003, during its financial restructuring, and was Senior Vice President, General Counsel and Secretary of NRG Energy from October 2002 through April 2004. Prior to joining NRG Energy, Mr. Davido was with The Elder-Beerman Stores Corp. and served as Executive Vice President and Chief Financial Officer from March 1999 to May 2002, and as General Counsel from January 1998 through March 1999. Mr. Davido currently is a member of the Board of Directors for Stage Stores, Inc. and Special Metals Corporation.

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 North American power company, capable of delivering more than 27,000 megawatts of clean, reliable and fuel-efficient electricity to customers and communities in 21 U.S. states and three Canadian provinces. The company owns, leases and operates integrated systems of fuel-efficient natural gas-fired and renewable geothermal power plants. With in-depth experience in every aspect of power generation, Calpine is dedicated to creating value for all of its stakeholders.

Source: Calpine Corporation
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