<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
Information Statement pursuant to Rule 13d-1 and 13d-2
(AMENDMENT NO. 1 )*
Calpine Corporation
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(NAME OF ISSUER)
Common Stock
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(TITLE OF CLASS OF SECURITIES)
131347106
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(CUSIP NUMBER)
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* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(CONTINUED ON FOLLOWING PAGE(S))
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CUSIP NO. Page 2 of 7 Pages
131347106
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1 NAME OF REPORTING PERSON 06-1051282
S.S. OR I.R.S. IDENTIFICATION NO.
HL Investment Advisors, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY
OWNED AS OF ------------------------------------------
DECEMBER 31, 1996 6 SHARED VOTING POWER
BY EACH REPORTING 1,735,000
PERSON WITH ------------------------------------------
7 SOLE DISPOSITIVE POWER
------------------------------------------
8 SHARED DISPOSITIVE POWER
1,735,000
------------------------------------------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,735,000
(Not to be construed as an admission of beneficial ownership)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
/----/
/----/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.7%
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12 TYPE OF REPORTING PERSON*
IA
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CUSIP NO. Page 3 of 7 Pages
131347106
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
Hartford Investment Financial Services Company
06-1472211
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY ------------------------------------------
OWNED AS OF 6 SHARED VOTING POWER
DECEMBER 31, 1996 151,000
BY EACH REPORTING ------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
------------------------------------------
8 SHARED DISPOSITIVE POWER
151,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 151,000
(Not to be construed as an admission of beneficial ownership)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* /----/
/----/
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.8%
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12 TYPE OF REPORTING PERSON*
IA
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CUSIP NO. Page 4 of 7 Pages
131347106
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
Hartford Capital Appreciation Fund, Inc.
22-2481744
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY ------------------------------------------
OWNED AS OF 6 SHARED VOTING POWER
DECEMBER 31, 1996 1,625,000
BY EACH REPORTING ------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
------------------------------------------
8 SHARED DISPOSITIVE POWER
1,625,000
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,625,000
(Not to be construed as an admission of beneficial ownership)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* /----/
/----/
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1%
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12 TYPE OF REPORTING PERSON*
IV
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CUSIP NO. Page 5 of 7 Pages
131347106
Item 1(a) Name of Issuer:
Calpine Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
50 West San Fernando Street
San Jose, CA 95113
Item 2(a) Name of Person Filing:
HL Investment Advisors, Inc.
Hartford Investment Financial Services Company
Hartford Capital Appreciation Fund, Inc.
Item 2(b) Address of Principal Business Office:
200 Hopmeadow Street
Simsbury, CT 06070
Item 2(c) Citizenship:
HL Investment Advisors, Inc. - Connecticut
Hartford Investment Financial Services Company - Delaware
Hartford Capital Appreciation Fund, Inc. - Maryland
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
131347106
Item 3. Type of Reporting Person:
HL Investment Advisors, Inc., as a registered investment adviser.
Hartford Investment Financial Services Company, as a registered
investment adviser.
Hartford Capital Appreciation Fund, Inc., as a registered
investment management company.
Item 4. Ownership as of December 31, 1997:
(a) Amount Beneficially Owned:
1,886,000 shares of common stock beneficially owned including:
Number of Shares
----------------
HL Investment Advisors, Inc. 1,735,000
Hartford Investment Financial Services Company 151,000
Hartford Capital Appreciation Fund, Inc. 1,625,000
The Hartford Capital Appreciation Fund 135,000
Hartford Small Company Fund, Inc. 110,000
The Hartford Small Company Fund 16,000
<PAGE>
CUSIP NO. Page 6 of 7 Pages
131347106
(b) Percent of Class: 9.4%
(c) For information on voting and dispositive power with respect
to the above listed shares, see items 5-8 of cover pages.
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: ( )
Item 6. Ownership of More than Five Percent on behalf of Another Person: N/A
Item 7. Identification and Classification of the Subsidiary which Acquired the
Security being Reported on by the Parent Holding Company: N/A
Item 8. Identification and Classification of Members of the Group: N/A
Item 9. Notice of Dissolution of Group: N/A
Item 10. Certification:
By signing below I certify that to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any transaction
having such purposes or effect.
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CUSIP NO. Page 7 of 7 Pages
131347106
Signature
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 12, 1998 HL Investment Advisors, Inc.
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BY: /s/ Joseph H. Gareau
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Joseph H. Gareau
President
Hartford Investment Financial Services Company
BY: /s/ Joseph H. Gareau
-------------------------------------
Joseph H. Gareau
Executive Vice President - Investments
Hartford Capital Appreciation Fund, Inc.
BY: /s/ Joseph H. Gareau
-------------------------------------
Joseph H. Gareau
President
*Pursuant to the Joint Filing Agreement with respect to Schedule 13G attached
hereto as Exhibit I, between HL Investment Advisors, Inc., Hartford Investment
Financial Services Company and Hartford Capital Appreciation Fund, Inc.,this
Schedule 13G is filed on behalf of each of them.
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EXHIBIT I
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees that the Schedule 13G filed
herewith is filed jointly, pursuant to Rule 13d-1(f)(1) of the Securities
Exchange Act of 1934, as amended, on behalf of each of them.
Dated: February 12, 1998
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HL Investment Advisors, Inc.
BY: /s/ Joseph H. Gareau
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Joseph H. Gareau
President
Hartford Investment Financial Services Company
BY: /s/ Joseph H. Gareau
------------------------------
Joseph H. Gareau
Executive Vice President - Investments
Hartford Capital Appreciation Fund, Inc.
BY: /s/ Joseph H. Gareau
------------------------------
Joseph H. Gareau
President
