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Will Stokes
Executive Vice President, Commercial Trading
Will Stokes has served as Executive Vice President Commercial Trading since January 2025. In this role, he is responsible for all commodities trading and asset optimization in the strategic wholesale markets where Calpine operates. Will is also responsible for the company’s proprietary desk trading organization. He joined the company in October 2009 as Vice President of Strategy. In June 2010, he went on to lead the East Trading Desk and then the West Trading Desk. Mr. Stokes came to Calpine from NRG, where he served in various leadership positions. He was Director of Business Development and Strategic Planning at Texas Genco, LLC, prior to its acquisition by NRG in 2006 and previously gained power industry experience through leadership positions at Merrill Lynch Commodities, Entergy-Koch and the Boston Consulting Group. He holds a Bachelor of Science in accounting and a Bachelor of Arts in Spanish from Trinity University, as well as a Master of Business Administration from Northwestern University.