CALPINE CORP
S-3, EX-25.1, 2000-06-30
ELECTRIC SERVICES
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                                                                    EXHIBIT 25.1


================================================================================

                                    FORM T-1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                            STATEMENT OF ELIGIBILITY
                   UNDER THE TRUST INDENTURE ACT OF 1939 OF A
                    CORPORATION DESIGNATED TO ACT AS TRUSTEE


                      CHECK IF AN APPLICATION TO DETERMINE
                      ELIGIBILITY OF A TRUSTEE PURSUANT TO
                             SECTION 305(b)(2) [ ]


                                 --------------


                              THE BANK OF NEW YORK
               (Exact name of trustee as specified in its charter)


New York                                                     13-5160382
(State of incorporation                                      (I.R.S. employer
if not a U.S. national bank)                                 identification no.)

One Wall Street, New York, N.Y.                              10286
(Address of principal executive offices)                     (Zip code)


                                 --------------

                               CALPINE CORPORATION
               (Exact name of obligor as specified in its charter)


Delaware                                                     77-0212977
(State or other jurisdiction of                              (I.R.S. employer
incorporation or organization)                               identification no.)

50 West San Fernando Street
San Jose, CA                                                 95113
(Address of principal executive offices)                     (Zip code)


                                 --------------

                                 Debt Securities
                       (Title of the indenture securities)


================================================================================




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1.      GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO
        THE TRUSTEE:

        (a)    NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO
               WHICH IT IS SUBJECT.

<TABLE>
<CAPTION>
----------------------------------------------------- ------------------------------------
                   Name                                             Address
----------------------------------------------------- ------------------------------------

<S>                                                   <C>
       Superintendent of Banks of the State of        2 Rector Street, New York, N.Y.
       New York                                       10006, and Albany, N.Y. 12203

       Federal Reserve Bank of New York               33 Liberty Plaza, New York, N.Y.
                                                      10045

       Federal Deposit Insurance Corporation          Washington, D.C.  20429

       New York Clearing House Association            New York, New York   10005
</TABLE>

       (b)    WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.

        Yes.

2.      AFFILIATIONS WITH OBLIGOR.

        IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
        AFFILIATION.

        None.

16.     LIST OF EXHIBITS.

        EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION,
        ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO
        RULE 7a-29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17
        C.F.R. 229.10(d).

        1.     A copy of the Organization Certificate of The Bank of New York
               (formerly Irving Trust Company) as now in effect, which contains
               the authority to commence business and a grant of powers to
               exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to
               Form T-1 filed with Registration Statement No. 33-6215, Exhibits
               1a and 1b to Form T-1 filed with Registration Statement No.
               33-21672 and Exhibit 1 to Form T-1 filed with Registration
               Statement No. 33-29637.)

        4.     A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form
               T-1 filed with Registration Statement No. 33-31019.)

        6.     The consent of the Trustee required by Section 321(b) of the Act.
               (Exhibit 6 to Form T-1 filed with Registration Statement No.
               33-44051.)




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        7.     A copy of the latest report of condition of the Trustee published
               pursuant to law or to the requirements of its supervising or
               examining authority.




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                                    SIGNATURE


        Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, a corporation organized and existing under the laws of the State of New
York, has duly caused this statement of eligibility to be signed on its behalf
by the undersigned, thereunto duly authorized, all in The City of New York, and
State of New York, on the 26th day of June, 2000.



                                        THE BANK OF NEW YORK


                                        By:   /S/ MICHAEL CULHANE
                                            -----------------------------------
                                              Name: MICHAEL CULHANE
                                              Title:   VICE PRESIDENT



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