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Calpine Names Robert P. May as New Chief Executive Officer

Calpine Corporation announced that its Board of Directors has named Robert P. May as Calpine’s new Chief Executive Officer and member of the Board.

Mr. May succeeds Acting Chief Executive Officer Kenneth T. Derr, who will continue serving as Calpine’s Chairman of the Board.

Over the past 30 years, Mr. May, age 56, has served in various senior management and executive positions. Most recently, he served as non-executive Chairman of the Board of HealthSouth from July 2004 to October 2005, and as Interim President and Chief Executive Officer of Charter Communications from January 2005 to August 2005.



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