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EXHIBIT 99.2
NEWS RELEASE CONTACT: 408/995-5115
PUBLIC RELATIONS: KATHERINE POTTER, X1168
INVESTOR RELATIONS: RICK BARRAZA, X1125
CALPINE ANNOUNCES NOTE HOLDER CONSENTS AND
EXECUTION OF SUPPLEMENTAL INDENTURE
(SAN JOSE, CALIF.) August 2, 2000 - Calpine Corporation [NYSE: CPN], the
national independent power company, announced that it received requisite
consents from the holders of its 10-1/2% Senior Notes due 2006 (CUSIP
131347-AD-8) (the "Notes") to certain proposed amendments to the Indenture
governing the Notes as described in the Consent Solicitation Letter dated July
14, 2000, and that the supplemental indenture incorporating such amendments has
been executed by Calpine Corporation and State Street Bank and Trust Company, as
successor trustee to Fleet National Bank.
Based in San Jose, Calif., Calpine Corporation is dedicated to providing
customers with reliable and competitively priced electricity. Calpine is focused
on clean, efficient combined-cycle, natural gas-fired generation and is the
nation's largest producer of renewable geothermal energy. Calpine has launched
the largest power development program in the U.S. To date, the company has
approximately 25,700 megawatts of base load capacity and 4,700 megawatts of
peaking capacity in operation, under construction, pending acquisition and in
announced development in 27 states and Alberta, Canada. The company was founded
in 1984 and is publicly traded on the New York Stock Exchange under the symbol
CPN.
