Calpine acquires strategic natural gas reserves

The first transaction, which closed during the second quarter, involves the acquisition of significant assets of The Bayless Companies and its partners with reserves located in the western portion of the San Juan Basin in New Mexico. Currently 35 wells produce approximately 6 million cubic feet equivalent per day (mmcfe/d), 96 percent of which is natural gas.

DALLAS, TX, July 9, 2001 — TXU Energy, a wholly owned subsidiary of TXU Corp., today announced plans for an auction of energy options on 3,175 MW or 15 percent of its electric capacity in Texas. It will be the first auction of electric capacity options in the state.

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