Calpine Names Ken Robinson Vice President and Chief Risk Officer

Tue Feb 12, 2013 12:10pm EST

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HOUSTON--(Business Wire)--
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.

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



Copyright Business Wire 2013

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