29.08.08

Calpine Corp.: Three-Year, 500-Megawatt Contract with TVA

HOUSTON & SAN JOSE, Calif.----Calpine Corporation announced today it has signed a three-year purchased power agreement, effective Jan. 1, 2009, with the Tennessee Valley Authority (TVA) to sell 500 Megawatts (MW) of electric power generated from the company’s Morgan Energy Center located in Decatur, Ala.

“We are very pleased to expand our supply relationship with TVA,” said Calpine Senior Vice President of Commercial Operations Larry Leverett. “This new supply agreement highlights the value our reliable and efficient assets bring to TVA and the continuing strength of our operations in the Southeast.”

Calpine currently provides up to 770 MW of electricity to TVA from its Decatur Energy Center. As part of this new agreement, Calpine will also provide TVA with up to 500 MW of firm energy from the Morgan facility.

Calpine’s 800-megawatt Morgan Energy Center entered commercial operation in 2003 and is a clean and fuel-efficient resource. Its combined-cycle, combined heat and power design enable Calpine to generate electricity 40 percent more efficiently than older technology power plants, making it a low-carbon energy resource.

About Calpine
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, currently capable of delivering nearly 24,000 megawatts of clean, cost-effective, reliable, and fuel-efficient electricity to customers and communities in 18 states in the United States. The Company 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 www.calpine.com for more information.


Contact:

Calpine Corporation, Houston
Media Relations:
Mel Scott, 713-570-4553
scottm@calpine.com
or
Investor Relations:
Andre Walker, 713-830-8775
andrew@calpine.com

Source: Calpine Corporation

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