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Message from the CEO

Champion JD Power635839141811184849

Champion Acquisition Builds New Bridges

to Our Customers

At Calpine, our ongoing mission is to be the nation’s premier power generation company.  We achieve this by being the best operators of gas turbines and geothermal power facilities in the world. 

An important key to our success is maintaining keen focus on our customers – on providing reliable, affordable power to load serving entities.  Developing customer relationships has become even more important over the past couple of years as liquidity in the traded wholesale markets has declined.  Our customer efforts have provided an important channel to help compensate for the liquidity decline.
Acquiring Champion Energy takes us one step further along those lines, bringing us closer to our customers. 

This exceptionally well run, stand-alone retail business has a strong presence in some of our key markets.  The bulk of its business is in Texas and the PJM region with additional operations in New York, New England and the Midwest.  This geographic footprint is strategically well aligned with Calpine’s wholesale power business.

Champion expects to serve 22 million megawatt hours of load in 2015, primarily to commercial and industrial customers.  By comparison, this represents enough electricity to power approximately 2 million homes.  We expect generation from the Calpine fleet to serve a meaningful amount of that load going forward.

Champion has proven its ability to grow profitably while prioritizing customers, as demonstrated by recent honors from J.D. Power.  This focus on operational excellence aligns directly with Calpine’s organizational philosophy.

As Champion’s management team transitions to become Calpine’s retail management team, I could not be more pleased to welcome these proven leaders and their capable employees into the Calpine family.  We have purchased a great business, and by combining Champion’s talent and resources with Calpine’s, together we will continue to build upon its success.  (Click here to read the press release.)

Thad Hill,
President and CEO