Calpine Board Member Susan C. Schwab Confirmed as a Deputy United States Trade Representative

SAN JOSE, Calif., Nov. 10 /PRNewswire-FirstCall/ -- Susan C. Schwab, a member of Calpine Corporation's Board of Directors, was unanimously confirmed by the United States Senate as a Deputy U.S. Trade Representative. Ms. Schwab will be a top adviser to U.S. Trade Representative Rob Portman and tasked to oversee U.S. trade relationships with Europe, the Middle East and the Americas. As required by her new position, Ms. Schwab is leaving Calpine's Board.

"We congratulate Susan on her confirmation for this exciting new opportunity, and we wish her all the best in her important and challenging new position," said Calpine Chairman, President and Chief Executive Officer Peter Cartwright. "Since our initial public offering, Susan has brought extensive public and private sector service experience to our company, helping guide Calpine's rapid growth in the dynamic North American power industry. It has been an honor to have Susan serve on Calpine's board."

Ms. Schwab, an independent Calpine Director since January 1997, served as the Chair of the company's Nominating and Governance Committee, and was a member and former Chair of the Compensation Committee. She served as President and Chief Executive Officer of the University System of Maryland Foundation since last year. Prior to that she was Dean of the University of Maryland School of Public Policy for eight years. Before joining the University of Maryland, Schwab was Director of Corporate Business Development for Motorola, Inc. During her previous government service, Ms. Schwab was Assistant Secretary of Commerce for the U.S. and Foreign Commercial Service and a trade negotiator.

In September, Calpine announced Director John O. Wilson's plans to retire. Mr. Wilson officially retired from Calpine's Board of Directors on November 4, 2005.

A major power company, Calpine Corporation supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and in three Canadian provinces and is building a plant in Mexico. Its customized products and services include wholesale and retail electricity, gas turbine components and services, energy management, and a wide range of power plant engineering, construction and maintenance, and operational services. Calpine was founded in 1984. It is included in the S&P 500 Index and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information, visit http://www.calpine.com/ .