Calpine Names Ken Robinson Vice President and Chief Risk Officer

  Calpine Names Ken Robinson Vice President and Chief Risk Officer

Business Wire

HOUSTON -- February 12, 2013

Calpine Corporation (NYSE: CPN) has hired Ken Robinson as Vice President and
Chief Risk Officer. In this role, Mr. Robinson is responsible for maintaining
oversight of Calpine’s risk management framework and ensuring the risks of the
company are communicated and understood throughout the organization.

Most recently, Mr. Robinson worked 5 ½ years for BP, the last two as Chief
Risk Officer for BP North American Gas and Power covering market, credit and
operational risks. Prior to this role, he was the BP Global Head of Market
Risk and was responsible for managing a diverse, global market risk function.
Previously, Mr. Robinson served as Chief Risk Officer for El Paso Corp. and
was the Vice President of Trading Risk Management in an earlier role at El
Paso. Additionally, he was Vice President of Risk Management at TXU and held
several positions in mid-office and accounting for Ensearch Energy Services.
He earned his Bachelor of Business Administration from the University of Texas
at Arlington.

About Calpine

Calpine Corporation generates more electricity than any other independent
power producer in America, with a fleet of 92 power plants in operation or
under construction, representing more than 27,000 megawatts of generation
capacity. Serving customers in 20 states and Canada, we specialize in
developing, constructing, owning and operating natural gas-fired and renewable
geothermal power plants that use advanced technologies to generate power in a
low-carbon and environmentally responsible manner. Our clean, efficient,
modern and flexible fleet is uniquely positioned to benefit from the secular
trends affecting our industry, including the abundant and affordable supply of
clean natural gas, stricter environmental regulation, aging power generation
infrastructure and the increasing need for dispatchable power plants to
successfully integrate intermittent renewables into the grid. We focus on
wholesale competitive power markets and advocate for market-driven solutions
that result in nondiscriminatory forward price signals for investors. 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.

Contact:

Calpine Corporation
Media Relations:
Norma F. Dunn, 713-830-8883
norma.dunn@calpine.com
or
Investor Relations:
Bryan Kimzey, 713-830-8775
bryan.kimzey@calpine.com