Calpine Announces Changes to Board of Directors

Kenneth T. Derr Joins; V. Orville Wright Retires



Apr 19, 2001, 01:00 ET from Calpine Corporation

    SAN JOSE, Calif., April 19 /PRNewswire/ -- Calpine Corporation
 (NYSE:   CPN), the nation's leading independent power producer, announced that
 the Company's Board of Directors unanimously voted to recommend to the
 shareholders that Kenneth T. Derr be elected as a director of the Company.
 Derr will stand for election as a director at the Company's Annual Meeting of
 the Shareholders scheduled for May 17, 2001. After a distinguished career of
 nearly 40 years with Chevron Corporation, Derr retired at the end of 1999.
 During his 11 years as Chairman and CEO, Derr was noted for a strong investor
 focus, efficient operations, and a transition to international activities. His
 leadership brought Chevron unprecedented financial success.
     "Ken Derr is an outstanding businessman and Calpine will benefit from his
 counsel. We are truly fortunate that he will be a Director as Calpine
 continues on its path of becoming the largest power company in America," said
 Pete Cartwright, Calpine's Chairman, President, and CEO.
     "We also thank and offer immense appreciation for the contributions of
 Orville Wright and wish him well in retirement," continued Cartwright. Wright
 became a Director in 1997 and, as an original independent member of Calpine's
 Board, has served as a member of the Compensation and Audit Committees. He is
 a former Vice-chairman and Co-CEO of MCI Communications and had also held
 executive positions with Xerox, Amdahl, RCA, and IBM.
     Based in San Jose, Calif., Calpine Corporation is dedicated to providing
 customers with reliable and competitively priced electricity. Calpine is
 focused on clean, efficient combined-cycle, natural gas-fired generation and
 is the nation's largest producer of renewable geothermal energy. 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 the company's
 Website at www.calpine.com.
 
 

SOURCE Calpine Corporation
    SAN JOSE, Calif., April 19 /PRNewswire/ -- Calpine Corporation
 (NYSE:   CPN), the nation's leading independent power producer, announced that
 the Company's Board of Directors unanimously voted to recommend to the
 shareholders that Kenneth T. Derr be elected as a director of the Company.
 Derr will stand for election as a director at the Company's Annual Meeting of
 the Shareholders scheduled for May 17, 2001. After a distinguished career of
 nearly 40 years with Chevron Corporation, Derr retired at the end of 1999.
 During his 11 years as Chairman and CEO, Derr was noted for a strong investor
 focus, efficient operations, and a transition to international activities. His
 leadership brought Chevron unprecedented financial success.
     "Ken Derr is an outstanding businessman and Calpine will benefit from his
 counsel. We are truly fortunate that he will be a Director as Calpine
 continues on its path of becoming the largest power company in America," said
 Pete Cartwright, Calpine's Chairman, President, and CEO.
     "We also thank and offer immense appreciation for the contributions of
 Orville Wright and wish him well in retirement," continued Cartwright. Wright
 became a Director in 1997 and, as an original independent member of Calpine's
 Board, has served as a member of the Compensation and Audit Committees. He is
 a former Vice-chairman and Co-CEO of MCI Communications and had also held
 executive positions with Xerox, Amdahl, RCA, and IBM.
     Based in San Jose, Calif., Calpine Corporation is dedicated to providing
 customers with reliable and competitively priced electricity. Calpine is
 focused on clean, efficient combined-cycle, natural gas-fired generation and
 is the nation's largest producer of renewable geothermal energy. 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 the company's
 Website at www.calpine.com.
 
 SOURCE  Calpine Corporation