Calpine Corporation Names Lloyd Will - Senior Vice President, Structuring and Analytics



    SAN JOSE, Calif., June 19 /CNW/ -- Calpine Corporation (OTC Pink Sheets:  
CPNLQ) announced today that Lloyd Will has joined Calpine as the Senior Vice
President of Structuring and Analytics. In this role, Mr. Will oversees
Calpine's fundamental and technical market analysis, commercial execution
analytics, contract structuring and valuation, transmission support and
analytics and gross margin forecasting and valuation.
    "Calpine continues to enhance our management team and is pleased to have
attracted another talented individual with a proven track record of leading
large organizations," said Thomas N. May, Calpine's Executive Vice President,
Commercial Operations. "Lloyd's experience in project management and plant and
commercial operations will help drive a more integrated operation for the
company's commercial operations and its fleet of fuel-efficient natural gas
and geothermal plants in key power markets," he continued.
    Prior to joining Calpine, Lloyd filled various leadership roles at NRG,
Areva, UBS Bank, Enron and Manitoba Hydro. Mr. Will has more than 30 years of
experience in energy including roles in control area and system operations,
power system maintenance, energy trading, structuring and fundamental
analysis. Mr. Will maintains a NERC security coordinator certification and is
also a certified Six Sigma Black Belt project manager with extensive
experience leading projects and enabling teams in the merchant, financial and
utility environments.
    Calpine Corporation is helping meet the needs of an economy that demands
more and cleaner sources of electricity.  Founded in 1984, Calpine is a major
U.S. power company, capable of delivering nearly 25,000 megawatts of clean,
cost-effective, reliable and fuel-efficient electricity to customers and
communities in 18 states in the U.S.  The company owns, leases and operates
low-carbon, natural gas-fired and renewable geothermal power plants.  Using
advanced technologies, Calpine generates electricity in a reliable and
environmentally responsible manner for the customers and communities it
serves.  Please visit http://www.calpine.com for more information.

    NOTE TO EDITOR:  A digital image of Mr. Will is available at:
http://www.calpine.com/media/people/LloydWill.jpg





For further information:

For further information: Media Relations, Mel Scott, +1-713-570-4553, 
scottm@calpine.com, or Investor Relations, Karen Bunton, +1-408-792-1121, 
karenb@calpine.com, both of Calpine Corporation Web Site:
http://www.calpine.com

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