Rick Peña
Executive Vice President, Corporate Development
Rick Peña has served as Executive Vice President of Corporate Development since January 2025. In his role, he leads Calpine’s corporate development efforts including all mergers and acquisitions, as well as the integration of acquired businesses and building out alternative co-location opportunities to leverage our power generation and retail assets for behind-the-meter and front-of-the-meter load partnerships focused on data centers. His accomplishments at Calpine have included negotiating acquisitions and divestitures of power plants that advanced the company’s strategic priorities of building scale in key competitive markets, as well as the acquisition of retail platforms that provide more direct channels to our power customers. Mr. Peña joined Calpine in June 2007 as a Director of Strategic Origination, serving our Southeast, ERCOT and North regions over the years. He was named Vice President of Corporate Development in January 2013. Prior to joining Calpine, Mr. Peña served as Manager of Mergers and Acquisitions for Direct Energy and as a Senior Analyst, Commercial Services, at Duke Energy North America. He earned his bachelor’s degree in finance from Texas A&M University.