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Gold/Mining/Energy : CPN: Calpine Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Daniel G. DeBusschere who wrote (36)	3/8/2001 1:16:23 PM
From: Daniel G. DeBusschere	Respond to of 555

Response from CPN Investor Relations- I received the following from IR. It's not the usual boilerplate and I thought it would be worthwhile posting since I am raising this issue. My response is (1) wait to see what the April 2001 Proxy says and (2) I have no doubt about the CEO's loyalty and commitment up to a point. The point is that his actions however motivated detract from the overall collective benefit we all want to achieve. I am appreciative of the prompt response from IR - there is some class to this outfit. <<Calpine's President and CEO is not disposing of all his Calpine shares. Most of his transactions are related to stock options which have expiration dates tied to them, which means if he wants to exercise the options he needs to do so within a specific time frame (as with all managers/employees who hold stock options). Mr. Cartwright is exercising his stock options in a prudent manner. As of Calpine's 2000 Proxy Statement, Mr. Cartwright beneficially owned over 2 million Calpine shares. When our 2001 Proxy Statement is filed (early April) you will be able to see what his current share holding is. I can assure Mr. Cartwright is extremely loyal and committed to Calpine!>> eom