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Calpine Supports the EPA’s New Source Performance Standard



  Calpine Supports the EPA’s New Source Performance Standard

Business Wire

HOUSTON -- September 20, 2013

Calpine Corporation (NYSE:CPN), one of the nation’s largest and cleanest
generators of electricity, supports policies and programs that lead to
reductions in greenhouse gas (GHG) emissions. As an industry leader in
environmental stewardship, we have voluntarily taken steps to assure that we
provide reliable, low-cost electricity in an environmentally responsible and
sustainable manner. We believe GHG reduction programs and policies must
include flexible, market-based solutions that encourage and recognize the
transition to efficient, lower carbon-intensive generation including Calpine’s
fleet of modern, low cost and reliable natural gas-fired plants.

While federal legislation is the best tool to address climate change and
promote clean energy development, in the absence of Congressional action,
Calpine supports the U.S. Environmental Protection Agency’s (EPA’s) efforts to
regulate GHG emissions as mandated under the Clean Air Act. The newly proposed
GHG New Source Performance Standard for new electric generating plants is an
important first step in the EPA’s plans to address climate change. Calpine, as
an early mover in the transition to cleaner, reliable generation resources,
looks forward to working with the EPA and other stakeholders to ensure that
the regulations achieve cost-effective reductions while assuring reliability.

About Calpine

Calpine Corporation generates more electricity than any other independent
power producer in America, with a fleet of 93 power plants in operation or
under construction, representing more than 28,000 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
competitive wholesale 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, 2012.
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:
Brett Kerr, 713-830-8809
brett.kerr@calpine.com
or
Investor Relations:
Bryan Kimzey, 713-830-8775
bryan.kimzey@calpine.com
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