Calpine breaks ground on 530-MW Osprey Energy Center

SAN JOSE, Calif., Nov. 13, 2001 – Calpine Corporation today announced that full-scale construction efforts are under way for the 530-megawatt Osprey Energy Center located at Calpine’s Auburndale Energy Campus in Auburndale, Fla.

Bob Alff, senior vice president and head of Calpine’s Eastern region, stated, “Our Osprey Energy Center has the distinction of being the first combined-cycle generating project to be built by an independent power producer under the state’s strict Power Plant Siting Act. The facility is now well on its way toward being an important part of Florida’s energy future.”

Once in commercial operation in late 2003, the Osprey Energy Center will be one of the most energy efficient and environmentally responsible sources of electric power in Florida’s energy mix. Output from the facility will help serve the needs of Seminole Electric Cooperative, Inc. under a long-term contract.

The Osprey Energy Center is being constructed adjacent to Calpine’s existing 150-megawatt Auburndale Power cogeneration facility, where Calpine is also in the process of constructing a 115-megawatt simple-cycle peaking unit that will be in service in time to meet peak customer demand next year.

According to Alff, “What we now refer to as our Auburndale Energy Campus is unique in our industry, with cogeneration, peaking and combined-cycle technology all at one location. It will remain a showcase for advanced power generation technology for many years to come, as well as creating a strong foothold for our continued development efforts in Florida.”

Calpine is continuing to move forward with the proposed 1,080-megawatt, $500 million Blue Heron Energy Center, to be located in Indian River County, west of Vero Beach. Calpine opened a Tampa office in 2000 to support its developments in Florida and throughout the Southeast.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. For more information about Calpine, visit its Website at www.calpine.com.

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