Calpine wins $8.3 billion in long-term contracts with California

HOUSTON, Feb. 28, 2001–Calpine Corp. agreed to sell the California Department of Water Resources (DWR) 1,000 MW of power for $5.2 billion over 10 years, just 2 weeks after cutting a $4.6 billion 1,000 MW electricity deal with the state agency.

WAYNE, Pa., March 1, 2001 – Planalytics Inc. announced today that its Weathernomics Gas Buyer(tm), a web-delivered risk management tool for purchasing and hedging natural gas, beat the average month-end settlement price by $0.72 per MMBtu over the last twelve months.

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