Calpine to Purchase 46 General Electric Gas Turbines

Turbines in Place for 70,000-megawatt Program



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

    SAN JOSE, Calif., April 19 /PRNewswire/ --
 Calpine Corporation (NYSE:   CPN), the nation's fastest growing independent
 power producer, announced today it will purchase 35 model 7FB and 11 model 7FA
 gas-fired turbines from GE Power Systems. With this announcement, Calpine has
 firm orders in place for the delivery of 203 turbines. When operated in a
 combined-cycle application, this represents 50,000 megawatts of baseload
 capacity.
     The agreement marks the company's second large volume turbine acquisition
 from GE and is an important component of Calpine's five-year strategic plan to
 have 70,000 megawatts of generation on line by the end of 2005. Calpine will
 take delivery of 5 turbines in 2002, with the remainder of the contract to be
 filled by the end of 2005.
     "This purchase significantly strengthens Calpine's leadership position in
 project development," said Doug Kieta, senior vice president-construction for
 Calpine. "Calpine's aggressive turbine procurement program also strengthens
 Calpine's first-mover advantage as we expand our development program and enter
 new electricity markets across the country."
     "GE Power Systems is pleased to provide Calpine today's technology of
 choice for power generation," said Delbert Williamson, President of GE Power
 Systems Global Sales. "Our FA technology is the most proven advanced
 technology available, and we're confident our evolutionary FB technology which
 has been designed using GE's Corporate-wide Six Sigma initiative will provide
 Calpine highly competitive power generation."
     GE's current fleet of F technology gas turbines recently surpassed
 3.8 million hours of operation around the globe. GE's 7FB turbine is an
 evolution of the current 7FA model and is designed for higher efficiency,
 lower life-cycle cost power generation. By employing this new technology,
 Calpine will continue to generate electricity competitively while consuming
 less natural gas and producing fewer emissions than a typical power plant of
 comparable size.
     GE Power Systems (http://www.gepower.com) is one of the world's leading
 suppliers of power generation technology, energy services and management
 systems with 2000 revenue of $15 billion. The business has the largest
 installed base of power generation equipment in the global energy industry.
 GE Power Systems provides equipment, service and management solutions across
 the power generation, oil and gas, distributed power and energy rental
 industries.
     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.  To date,
 the company has approximately 31,200 megawatts of base load capacity and
 6,800 megawatts of peaking capacity in operation, under construction and
 announced development in 28 states and Alberta, 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 anticipated
 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) cost estimates are preliminary and actual cost
 may be higher than estimated, (iv) the assurance that the Company will develop
 additional plants, (v) a competitor's development of a lower-cost generating
 gas-fired power plant, (vi) receipt of regulatory approvals or (vii) 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 Corporation
    SAN JOSE, Calif., April 19 /PRNewswire/ --
 Calpine Corporation (NYSE:   CPN), the nation's fastest growing independent
 power producer, announced today it will purchase 35 model 7FB and 11 model 7FA
 gas-fired turbines from GE Power Systems. With this announcement, Calpine has
 firm orders in place for the delivery of 203 turbines. When operated in a
 combined-cycle application, this represents 50,000 megawatts of baseload
 capacity.
     The agreement marks the company's second large volume turbine acquisition
 from GE and is an important component of Calpine's five-year strategic plan to
 have 70,000 megawatts of generation on line by the end of 2005. Calpine will
 take delivery of 5 turbines in 2002, with the remainder of the contract to be
 filled by the end of 2005.
     "This purchase significantly strengthens Calpine's leadership position in
 project development," said Doug Kieta, senior vice president-construction for
 Calpine. "Calpine's aggressive turbine procurement program also strengthens
 Calpine's first-mover advantage as we expand our development program and enter
 new electricity markets across the country."
     "GE Power Systems is pleased to provide Calpine today's technology of
 choice for power generation," said Delbert Williamson, President of GE Power
 Systems Global Sales. "Our FA technology is the most proven advanced
 technology available, and we're confident our evolutionary FB technology which
 has been designed using GE's Corporate-wide Six Sigma initiative will provide
 Calpine highly competitive power generation."
     GE's current fleet of F technology gas turbines recently surpassed
 3.8 million hours of operation around the globe. GE's 7FB turbine is an
 evolution of the current 7FA model and is designed for higher efficiency,
 lower life-cycle cost power generation. By employing this new technology,
 Calpine will continue to generate electricity competitively while consuming
 less natural gas and producing fewer emissions than a typical power plant of
 comparable size.
     GE Power Systems (http://www.gepower.com) is one of the world's leading
 suppliers of power generation technology, energy services and management
 systems with 2000 revenue of $15 billion. The business has the largest
 installed base of power generation equipment in the global energy industry.
 GE Power Systems provides equipment, service and management solutions across
 the power generation, oil and gas, distributed power and energy rental
 industries.
     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.  To date,
 the company has approximately 31,200 megawatts of base load capacity and
 6,800 megawatts of peaking capacity in operation, under construction and
 announced development in 28 states and Alberta, 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 anticipated
 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) cost estimates are preliminary and actual cost
 may be higher than estimated, (iv) the assurance that the Company will develop
 additional plants, (v) a competitor's development of a lower-cost generating
 gas-fired power plant, (vi) receipt of regulatory approvals or (vii) 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 Corporation