| An SI Board Since December 1999 |
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A power company based in Silicon Valley.
CALPINE is an innovative, fully integrated power company. We are committed to providing our customers with low-cost and reliable electricity. We also provide thermal energy for industrial customers, such as Sunsweet Growers and Phillips Petroleum Company. Our entrepreneurial staff of energy professionals is experienced in every aspect of power generation. From engineering, construction and fuel supply through financing, operations and power marketing, we strive to add value at every phase, while lowering costs. We founded Calpine in 1984 to participate in the new power industry as competition was beginning to replace regulation. Today, the $250 billion U.S. electric power industry is undergoing dramatic change--deregulation. Millions of consumers will soon have access to new sources of low-cost electricity.
California is leading this movement. Beginning April 1998, consumers were able to buy electricity from the producer of their choice. As a San Jose, California-based power company, Calpine will be at the forefront of this exciting new era. Our portfolio consists of 44 power plants, including pending acquisitions, with an aggregate capacity of 4,272 megawatts (net ownership of 3,355 megawatts) located in key power markets throughout the United States. Together, they produce enough energy to meet the electrical needs of over four million households.
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