Calpine Added 6,000 MW Despite Soft Energy Market in 2002

---

Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Calpine Corporation (NYSE: CPN) (San Jose, California), one of North America's leading Private Energy Producers (PEP) has added over 6,000 megawatts (MW) of natural gas-fired generation in 2002 at ten locations in North America. Calpine's generation capacity has now grown to over 17,000 MW in North America with an additional 1,200 MW in the United Kingdom.

Calpine announced over $3 billion in capital expenditure reductions for 2002 and 2003, but still managed to build over 6,000 MW of new generation in California, New York, Oregon, Louisiana, South Carolina, Illinois, Missouri, Texas, and British Columbia. 50% of the growth was in Texas with over 3,000 MW.

Click on the image at right to see a four quarter financial analysis of Calpine

Calpine is continuing its leadership role in North American power plant development with about 28,000 MW of new generation scheduled to be online by the end of 2004. Calpine has put several projects on hold this year, yet still has over 10,300 MW in construction to be completed in 2003 and 2004. This is substantially less than the 70,000 MW by 2005 that the company had originally projected.

Calpine was founded in 1984 and is a leading PEP. Calpine Corporation is a leading national independent power company that currently operates 70 projects with generating capacity over 19,000MW of energy capacity in operation and over 10,300MW at more than 16 locations under construction or in development in 29 states, the United Kingdom, and Canada. Calpine generates electricity using two proven and environmentally friendly technologies - natural gas combined-cycle and geothermal (Calpine is the world's largest producer of geothermal energy).