Calpine to Announce Third Quarter 2012 Results and Provide 2013 Guidance on November 6, 2012

HOUSTON--(BUSINESS WIRE)--

Calpine Corporation CPN announced today that it plans to release third quarter 2012 financial results on Tuesday, November 6, 2012, before the opening of the New York Stock Exchange. Management will present the results during an investor call scheduled for 11 a.m. Eastern Time / 10 a.m. Central Time on November 6. At the same time, management plans to provide guidance for 2013 financial performance.

A listen-only webcast of the call may be accessed through the Company's website at www.calpine.com, or by dialing (888) 895-5271 in the United States or (847) 619-6547 outside the United States. The confirmation code is 33421254. Please call in 10 to 15 minutes prior to the scheduled start time.

An archived recording of the call will also be made available on the website and can be accessed by dialing (888) 843-7419 in the United States or (630) 652-3042 outside the United States and providing confirmation code 33421254.

About Calpine

Calpine Corporation is the largest independent power producer in the U.S., with a fleet of 93 power generation plants representing more than 28,000 megawatts of generation capacity. Last year our plants generated more than 94 million megawatt hours of power for our wholesale customers in 20 states and Canada. Our 91 operating plants as well as two under construction consist primarily of natural gas-fired and renewable geothermal power plants that use advanced technologies to generate power in a low-carbon and environmentally responsible manner. Our modern, clean, efficient and cost-effective fleet stands ready to respond to the increased need for cleaner and more affordable power as the economy recovers, as new environmental rules are implemented and force older, dirtier plants to retire or reduce generation, as variable renewable power generation from wind and solar grows and with it the need for flexible natural gas generation to assure firm supply to the grid, and finally, as natural gas becomes economically competitive with coal as a fuel for power generation. Please visit www.calpine.com to learn more about why Calpine is a generation ahead - today.

Forward-Looking Information

In addition to historical information, this release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will” and similar expressions identify forward-looking statements. Such statements include, among others, those concerning expected financial performance and strategic and operational plans, as well as assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Please see the risks identified in this release or in Calpine's reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, the risk factors identified in its Annual Report on Form 10-K for the year ended Dec. 31, 2011. These filings are available by visiting the Securities and Exchange Commission's website at www.sec.gov or Calpine's website at www.calpine.com. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and Calpine undertakes no obligation to update any such statements.