HOUSTON – (COMMERCIAL THREAD) – Calpine Corporation (NYSE: CPN) has appointed veteran energy industry leader Charlie Gates as executive vice president of electrical operations effective April 1, 2016. Mr. Gates was previously vice president Senior President and Director of Fossil and Hydroelectric Energy at Duke Energy Corporation. . He will report to Calpine President and CEO Thad Hill. Mr. Gates will succeed Tom Webb, who has come out of retirement to lead Calpine’s energy operations team on an interim basis since August 2015 and previously led the team in 2009-2010.
“Charlie’s depth of experience and accomplishments in the energy industry is hard to match. In addition to leading the operations of one of the nation’s largest power plant parks, Charlie has developed significant technology enhancements, led fusion integration teams, and achieved impressive safety performance. I am very pleased to welcome him to the Calpine management team, ”said Mr. Hill. “I am also very grateful to Tom for his leadership over the past few months as he has applied his extensive knowledge and skills to sustaining operational excellence across our power plant fleet.”
At Duke, Mr. Gates was responsible for all regulated non-nuclear generating assets, including large budgets and approximately 42,000 MW of generating capacity. He was promoted to his most recent role in August 2014 after serving as Senior Vice President of Power Generation Operations since July 2012, when Progress Energy merged with Duke. He had held a similar position for Progress since January 2012 after being promoted to Vice President of Fossil Generation for Progress Energy for the Carolinas and Florida. He was previously Managing Director of Progress Energy Florida from the time the company merged with Carolina Power & Light Company in 2001 to 2006. Mr. Gates began his career in the energy industry with Carolina Power & Light in 1982 as an Associate Engineer and rose increasingly to senior positions to become Managing Director of five fossil fuel power plants in 2000. Mr. Gates’ other leadership roles in the industry include that of Chairman of the Board of generation of the Electric Power Research Institute. He received a bachelor’s degree in chemical engineering from North Carolina State University and in political science from the University of North Carolina.
Calpine Corporation is the largest US producer of electricity from natural gas and geothermal resources. Our fleet of 84 power plants in operation or under construction represents more than 27,000 megawatts of production capacity. Through wholesale electricity operations and our retail operations, Energy champion, we serve customers in 20 states and Canada. We specialize in the development, construction, ownership and operation of natural gas-fired and renewable geothermal power plants that use advanced technologies to generate electricity in a low-carbon, eco-friendly manner. ‘environment. Our clean, efficient, modern and flexible fleet is uniquely positioned to benefit from the age-old trends affecting our industry, including the abundant and affordable supply of clean natural gas, stricter environmental regulations, an aging power generation infrastructure and the growing need for distributable power plants to successfully integrate intermittent renewables into the grid. Please visit www.calpine.com
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In addition to historical information, this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934. , as amended. Words such as “believe”, “intend”, “expect”, “anticipate”, “plan”, “power”, “will”, “should”, “estimate”, “potential” , “To project” and similar expressions identify forward-looking statements. These statements include, among others, those regarding expected financial performance and strategic and operational plans, as well as assumptions, expectations, predictions, intentions or beliefs regarding future events. You are cautioned that such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in forward-looking statements. Please review the risks identified in this release or in Calpine’s reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, the risk factors identified in its annual report on Form 10- K for the year ended December 31, 2015. These documents are available by visiting the Securities and Exchange Commission website at www.sec.gov
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