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EXHIBIT 23.1
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference in this Registration Statement on Form S-3 (5% Convertible Preferred
Securities of Calpine Capital Trust III ("HIGH TIDES"), 5% Convertible
Subordinated Debentures due August 1, 2030 of Calpine Corporation, the Common
Stock of Calpine Corporation and the Guarantee of the HIGH TIDES issued by
Calpine Corporation) of our report dated January 31, 2000 included in Calpine
Corporation's Form 10-K for the year ended December 31, 1999 and to all
references to our Firm included in this Registration Statement.
/s/ ARTHUR ANDERSEN LLP
San Francisco, California
September 25, 2000
