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Calpine To Present At Investor Conferences In September

Jack A. Fusco, President and Chief Executive Officer of Calpine Corp. (NYSE: CPN), is scheduled to attend the Barclays Capital CEO Energy / Power Conference in New York City on Tuesday, September 4, 2012. Mr. Fusco will speak to invited guests at 1:45 p.m. ET / 12:45 p.m. CT.

Separately, Thad Hill, Calpine’s Executive Vice President and Chief Operating Officer, is scheduled to attend the Bank of America Merrill Lynch Power & Gas Leaders Conference in New York City on Thursday, September 20, 2012. Mr. Hill will deliver a brief company presentation and participate in a panel discussion titled “ERCOT and Beyond.” The panel discussion is scheduled to begin at 2 p.m. ET / 1 p.m. CT.

Each presentation will be webcast live and available for replay at www.calpine.com. Copies of the presentation materials will also be available on this site.

About Calpine

Calpine Corporation is the largest independent power producer in the U.S., with a fleet of 93 power generation plants representing more than 28,000 megawatts of generation capacity. Last year our plants generated more than 94 million megawatt hours of power for our wholesale customers in 20 states and Canada. Our 91 operating plants as well as two under construction consist primarily of natural gas-fired and renewable geothermal power plants that use advanced technologies to generate power in a low-carbon and environmentally responsible manner. Our modern, clean, efficient and cost-effective fleet stands ready to respond to the increased need for cleaner and more affordable power as the economy recovers, as new environmental rules are implemented and force older, dirtier plants to retire or reduce generation, as variable renewable power generation from wind and solar grows and with it the need for flexible natural gas generation to assure firm supply to the grid, and finally, as natural gas becomes economically competitive with coal as a fuel for power generation. Please visit www.calpine.com to learn more about why Calpine is a generation ahead - today.

Forward-Looking Information

In addition to historical information, this release contains 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. Words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will” and similar expressions identify forward-looking statements. Such statements include, among others, those concerning expected financial performance and strategic and operational plans, as well as assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Please see the risks identified in this release or in Calpine’s reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, the risk factors identified in its Annual Report on Form 10-K for the year ended Dec. 31, 2011. These filings are available by visiting the Securities and Exchange Commission’s website at www.sec.gov or Calpine’s website at www.calpine.com. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and Calpine undertakes no obligation to update any such statements.



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