<PAGE> 1
Filed Pursuant to Rule 424(b)(5)
Registration No. 333-33736
PROSPECTUS SUPPLEMENT TO THE PROSPECTUS DATED JUNE 27, 2000
OF
CALPINE CORPORATION
RELATING TO
RESALES BY SELLING SHAREHOLDERS
OF
5 1/2% CONVERTIBLE PREFERRED SECURITIES
REMARKETABLE TERM INCOME DEFERRABLE EQUITY SECURITIES
(HIGH TIDES(SM))
The Prospectus dated June 27, 2000, as supplemented to date (the
"Prospectus") relating to resales by selling shareholders of 5 1/2% Convertible
Preferred Securities, Remarketable Term Income Deferrable Equity Securities
(HIGH TIDES(SM)), is hereby supplemented by amending the "Selling Holders"
section on pages 23-25 thereof, by inserting the following as new selling
holders in the appropriate alphabetical location:
<TABLE>
<CAPTION>
NUMBER OF
SELLING HOLDER HIGH TIDES
-------------- ----------
<S> <C>
Delphi Foundation........................................... 1,000
Fidelity Financial Trust: Fidelity Convertible & Securities
Fund...................................................... 246,100
General Motors Employees Global Group Pension Trust......... 146,400
General Motors Foundation................................... 8,800
Highbridge International LLC................................ 100,000
Motors Insurance Corporation................................ 43,800
Parker-Hannifin Corporation................................. 1,846
ProMutual................................................... 3,887
Putnam Asset Allocation: Balanced Portfolio................. 7,440
Putnam Asset Allocation: Conservative Portfolio............. 4,658
Putnam Convertible Income-Growth Trust...................... 121,500
Putnam Convertible Opportunities and Income Trust........... 2,743
University of Rochester..................................... 998
</TABLE>
In addition, the Prospectus is further supplemented by changing the entries
under the column "Number of High Tides" with respect to the Selling Holders
identified below to the corresponding entries below the column "New Number of
HIGH TIDES" set forth below.
<TABLE>
<CAPTION>
NEW
NUMBER OF
SELLING HOLDER HIGH TIDES
-------------- ----------
<S> <C>
CALAMOS(R) Global Convertible Fund -- CALAMOS(R) Investment
Trust..................................................... 2,000
Credit Suisse First Boston Corporation...................... 205,000
Goldman Sachs & Company..................................... 20,000
Museum of Fine Arts, Boston................................. 1,060
</TABLE>
In addition, the Prospectus is further supplemented by changing the name of
the Selling Holder set forth on line nine of the list of Selling Holders on page
23 from "CALAMOS(R) Global Growth and Income Fund -- CALAMOS(R) Investment
Trust" to "CALAMOS(R) Global Convertible Fund -- CALAMOS(R) Investment Trust".
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Prospectus Supplement dated August 25, 2000
2
