Calpine Opens Service to Retail Customers in Texas

Apr 03, 2001, 01:00 ET from Calpine Power America, L.P.

    HOUSTON, April 3 /PRNewswire/ -- Calpine Power America, L.P., an affiliate
 of Calpine Corporation (NYSE:   CPN), the nation's leading independent power
 company, is now certified as a Retail Energy Provider (REP) in the Electric
 Reliability Council of Texas (ERCOT).  This allows Calpine to offer services
 to a full range of wholesale and retail customers in Texas.  Calpine Power
 America will sell to large industrials, in addition to municipalities,
 cooperatives and investor-owned utilities.
     "This certification further opens up the market for us in Texas," said
 Darrell Hayslip, Calpine central region vice president -- asset optimization.
 "We'll be able to better control our generation assets and the flow of energy,
 which translates to reliable, low cost energy for our customers."
     Another step for Calpine in providing a full range of services to Texas
 wholesale and retail customers was receiving an ERCOT certification to be a
 Qualified Scheduling Entity (QSE).  As a QSE, Calpine Power Management, L.P.
 may act on behalf of generators and consumers in the region, and would be
 responsible for scheduling the generation of energy flowing to the electricity
 grid with the ERCOT Independent System Operator.
     In addition to QSE services and ancillary products, Calpine Power America
 will sell electricity to the retail consumer through bilateral contracts.
     "The efficiencies that result from this certification are significant,"
 continued Hayslip.  "We'll be able to dispatch our generation assets as a
 system to meet the needs of real-time loads.  At the same time, we'll be
 offering our customers a financial incentive to reduce energy use at peak
 times while maintaining environmental performance."
     The bilateral market in Texas allows the REP and end user to minimize
 costs, conserve electricity and benefit from a higher degree of flexibility in
 their operations.  Calpine Power America will bundle energy supply with
 delivered services to provide the highest level of reliability and service
 available in the ERCOT market.
 
     About Calpine
     Based in San Jose, Calif., Calpine Corporation is dedicated to providing
 customers with reliable and competitively priced electricity.  Calpine is
 focused on clean, efficient, natural gas-fired generation and is the world's
 largest producer of renewable geothermal energy.  Calpine has launched the
 largest power development program in North America.  To date, the company has
 approximately 31,200 megawatts of base load capacity and 6,500 megawatts of
 peaking capacity in operation, under construction and in announced development
 in 28 states and Canada.  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 its Website at www.calpine.com.
     This news release discusses certain matters that may be considered
 "forward-looking" statements within the meaning of Section 27A of the
 Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
 Act of 1934, as amended, including statements regarding the intent, belief or
 current expectations of Calpine Corporation ("the Company") and its
 management.  Prospective investors are cautioned that any such forward-looking
 statements are not guarantees of future performance and involve a number of
 risks and uncertainties that could materially affect actual results such as,
 but not limited to, (i) changes in government regulations and deregulation of
 the electric energy industry, (ii) commercial operations of new plants that
 may be delayed or prevented because of various development and construction
 risks, such as a failure to obtain financing and the necessary permits to
 operate or the failure of third-party contractors to perform their contractual
 obligations, (iii) the assurance that the Company will develop additional
 plants, (iv) a competitor's development of a lower-cost generating gas-fired
 power plant or (v) the risks associated with marketing and selling power from
 power plants in the newly competitive energy market. Prospective investors are
 also referred to the other risks identified from time to time in the Company's
 reports and registration statements filed with the Securities and Exchange
 Commission.
 
 

SOURCE Calpine Power America, L.P.
    HOUSTON, April 3 /PRNewswire/ -- Calpine Power America, L.P., an affiliate
 of Calpine Corporation (NYSE:   CPN), the nation's leading independent power
 company, is now certified as a Retail Energy Provider (REP) in the Electric
 Reliability Council of Texas (ERCOT).  This allows Calpine to offer services
 to a full range of wholesale and retail customers in Texas.  Calpine Power
 America will sell to large industrials, in addition to municipalities,
 cooperatives and investor-owned utilities.
     "This certification further opens up the market for us in Texas," said
 Darrell Hayslip, Calpine central region vice president -- asset optimization.
 "We'll be able to better control our generation assets and the flow of energy,
 which translates to reliable, low cost energy for our customers."
     Another step for Calpine in providing a full range of services to Texas
 wholesale and retail customers was receiving an ERCOT certification to be a
 Qualified Scheduling Entity (QSE).  As a QSE, Calpine Power Management, L.P.
 may act on behalf of generators and consumers in the region, and would be
 responsible for scheduling the generation of energy flowing to the electricity
 grid with the ERCOT Independent System Operator.
     In addition to QSE services and ancillary products, Calpine Power America
 will sell electricity to the retail consumer through bilateral contracts.
     "The efficiencies that result from this certification are significant,"
 continued Hayslip.  "We'll be able to dispatch our generation assets as a
 system to meet the needs of real-time loads.  At the same time, we'll be
 offering our customers a financial incentive to reduce energy use at peak
 times while maintaining environmental performance."
     The bilateral market in Texas allows the REP and end user to minimize
 costs, conserve electricity and benefit from a higher degree of flexibility in
 their operations.  Calpine Power America will bundle energy supply with
 delivered services to provide the highest level of reliability and service
 available in the ERCOT market.
 
     About Calpine
     Based in San Jose, Calif., Calpine Corporation is dedicated to providing
 customers with reliable and competitively priced electricity.  Calpine is
 focused on clean, efficient, natural gas-fired generation and is the world's
 largest producer of renewable geothermal energy.  Calpine has launched the
 largest power development program in North America.  To date, the company has
 approximately 31,200 megawatts of base load capacity and 6,500 megawatts of
 peaking capacity in operation, under construction and in announced development
 in 28 states and Canada.  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 its Website at www.calpine.com.
     This news release discusses certain matters that may be considered
 "forward-looking" statements within the meaning of Section 27A of the
 Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
 Act of 1934, as amended, including statements regarding the intent, belief or
 current expectations of Calpine Corporation ("the Company") and its
 management.  Prospective investors are cautioned that any such forward-looking
 statements are not guarantees of future performance and involve a number of
 risks and uncertainties that could materially affect actual results such as,
 but not limited to, (i) changes in government regulations and deregulation of
 the electric energy industry, (ii) commercial operations of new plants that
 may be delayed or prevented because of various development and construction
 risks, such as a failure to obtain financing and the necessary permits to
 operate or the failure of third-party contractors to perform their contractual
 obligations, (iii) the assurance that the Company will develop additional
 plants, (iv) a competitor's development of a lower-cost generating gas-fired
 power plant or (v) the risks associated with marketing and selling power from
 power plants in the newly competitive energy market. Prospective investors are
 also referred to the other risks identified from time to time in the Company's
 reports and registration statements filed with the Securities and Exchange
 Commission.
 
 SOURCE  Calpine Power America, L.P.