Calpine Names Melissa Brown Senior Vice President - Strategy and Financial Planning and Analysis



    SAN JOSE, Calif., June 14 /CNW/ -- Calpine Corporation (OTC Pink Sheets:  
CPNLQ) today announced the promotion of Melissa Brown to Senior Vice President
of Strategy and Financial Planning and Analysis, reporting to the Chief
Financial Officer Lisa Donahue. In her new position, Ms. Brown will provide
research and analysis on strategic matters and oversee Calpine's Financial
Planning and Analysis group, which provides budgets, short-to mid-term
forecasts, variance analysis and plant-and corporate-level financial metric
analysis. In addition, she will manage an analytics group, which provides
economic analysis for expansions, mergers and acquisitions and other
development projects, as well as for asset rationalizations and large capital
expenditures.
    "As Calpine moves forward with its plans to emerge from bankruptcy, we
continue to benefit from Melissa's expertise in asset divestitures, credit
group coordination and other restructuring related matters," Calpine's Chief
Executive Officer Robert P. May said. "She is a seasoned financial executive
with more than 17 years of experience in the energy industry in finance,
transactions and general operations and is an asset to our management team,"
he added.
    Ms. Brown joined Calpine in March 2006 as the Senior Vice
President-Treasurer and will maintain this role on an interim basis,
continuing to manage the Treasury and Corporate Insurance functions. After
receiving a bachelor of science in business administration from Oklahoma State
University she began her business career at AES Corporation where she was the
Manager of Corporate Financial Analysis. While at AES, Ms. Brown completed her
master's in business administration from the College of William and Mary. She
later joined NRG Energy where she held positions of increasing responsibility
in a variety of groups, including Northeast Region, Treasury, Australia, Asset
Sales, NEO Corporation, Corporate Strategy and Portfolio Assessment, Latin
America and Emerging Markets and attained the position of Executive Director
of Business Development. While at NRG, Ms. Brown also served as a member of
the restructuring team while NRG proceeded through bankruptcy. Post bankruptcy
Ms. Brown remained with the company as a member of the management team of the
Northeast Region with specific responsibilities including regional strategy,
budget, financial analysis and development.

    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.





For further information:

For further information: media, Mel Scott, +1-713-570-4553, 
scottm@calpine.com, or investors, Karen Bunton, +1-408-792-1121, 
karenb@calpine.com, both of Calpine Corporation

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CALPINE CORPORATION

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