Houston-based Calpine names W. Bryan Kimzey as VP of investor relations

HOUSTON , September 26, 2011 (press release) – Calpine Corporation (NYSE:CPN) today announced that W. Bryan Kimzey has been named Vice President of Investor Relations. Mr. Kimzey succeeds Andre Walker, who transitioned to his current role as Vice President, Asset Management earlier this year.

"We are excited to welcome Bryan to our organization," said Zamir Rauf, Calpine's Chief Financial Officer. "Bryan's extensive industry experience, which includes his time spent in investment banking advising the power sector and his most recent role in investor relations for a power company, will undoubtedly benefit Calpine's comprehensive investor relations program and help us continue to communicate the key value drivers for the company."

Mr. Kimzey brings 15 years of investor relations, finance and accounting experience to Calpine. He joins Calpine from Progress Energy, Inc., where he spent seven years in Investor Relations, Treasury and Strategic Planning. From 1998 to 2004, Mr. Kimzey was with Credit Suisse First Boston, where he rose to Vice President in the firm's investment banking group in New York, serving companies in the power and gas sectors with a focus on mergers, acquisitions and underwriting. He began his career in 1996 with Arthur Andersen, where he audited energy marketing and trading businesses in Houston.

Mr. Kimzey graduated from the University of North Carolina at Chapel Hill, where he received his Bachelor of Science degree in business administration and his Master of Accounting degree.

Christine Parker, Director of Investor Relations, will continue in her current role and report to Mr. Kimzey.

About Calpine

Founded in 1984, Calpine Corporation is a major U.S. power company, currently capable of delivering approximately 28,000 megawatts of clean, cost-effective, reliable and fuel-efficient power from its 92 operating plants to customers and communities in 20 U.S. states and Canada. Calpine Corporation is committed to helping meet the needs of an economy that demands more and cleaner sources of electricity. Calpine owns, leases and operates primarily low-carbon, natural gas-fired and renewable geothermal power plants. Using advanced technologies, Calpine generates power in a reliable and environmentally responsible manner for the customers and communities it serves. Please visit our website at http://www.calpine.com for more information.

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