Calpine to purchase 46 General Electric gas turbines

The agreement marks the company’s second large volume turbine acquisition from GE and is an important component of Calpine’s five-year strategic plan to have 70,000 megawatts of generation on line by the end of 2005. Calpine will take delivery of 5 turbines in 2002, with the remainder of the contract to be filled by the end of 2005.

SAN JOSE, Calif., April 19, 2001 – Calpine Corporation announced that the company’s Board of Directors unanimously voted to recommend to the shareholders that Kenneth T. Derr be elected as a director of the company.

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