Calpine names Robert D. Kelly CFO

SAN JOSE, Calif. (PRNewswire-FirstCall) Calpine Corporation, the nation’s independent power company, today announced the promotion of Robert D. Kelly to executive vice president and chief financial officer, succeeding Ann Curtis, who was promoted to vice chairman of the corporation.

“We are extremely pleased to have someone of Bob’s caliber to lead our financial future,” said Pete Cartwright, chairman, CEO and president. “Calpine’s continuing success hinges on our ability to meet our financial goals and objectives. Bob is an industry leader in corporate and project finance. Within the past year, his team raised more than $10 billion, including a revolving construction credit facility.

Kelly, as chief financial officer, will monitor the overall financial health of Calpine and will implement and contribute to all major financial decisions and transactions affecting the company. He will lead financial operations including: corporate accounting, finance, treasury and tax. Kelly will also continue in his role as President, Calpine Finance Company.

Prior to joining Calpine in 1990, he was marketing manager of Westinghouse Credit Corporation, where he started up the Energy Finance Division’s Western Region. He holds a master’s of business administration from Dalhousie University in Nova Scotia, Canada and received his bachelor of commerce degree from Memorial University in Newfoundland, Canada.

Based in San Jose, Calif., Calpine Corporation is an independent power company that is dedicated to providing customers with clean, efficient, natural gas-fired power generation. It generates and markets power, through plants it develops, owns and operates, in 29 states in the United States, three provinces in Canada and in the United Kingdom. Calpine also is the world’s largest producer of renewable geothermal energy, and it owns and markets 1.3 trillion cubic feet of proved natural gas reserves in Canada and the United States. The company was founded in 1984 and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information about Calpine, visit its website at www.calpine.com.


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