HOUSTON & SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 18, 2009--
Calpine Corporation (NYSE:CPN) today announced the appointment of
Robert A. Mosbacher, Jr. to the company’s Board of Directors.
In 2005, President George W. Bush appointed Mr. Mosbacher as President
and Chief Executive Officer of the Overseas Private Investment
Corporation (OPIC), where he served until this January. OPIC is a
self-sustaining U.S. government agency that helps small, medium and
large American businesses expand into developing nations and emerging
markets around the globe, providing political risk insurance and
financing, and leveraging private capital through OPIC-supported funds.
“We are delighted to have someone of Rob Mosbacher’s caliber join our
Board of Directors,” said William Patterson, Chairman of Calpine. “We
are confident his participation will be valuable in helping to guide
Calpine into the future.”
From 1986 to 2005, Mr. Mosbacher served as President and CEO of
Mosbacher Energy Company in Houston, an independent oil and gas
exploration and production company. Mr. Mosbacher also was Vice Chairman
of Mosbacher Power Group, an independent electric power developer, from
1995-2003. Prior to that, Mr. Mosbacher had a distinguished public
service career that included serving as Chairman of the Board of the
Texas Department of Human Services and as a staff member in the office
of Senator Howard Baker of Tennessee. He also has served on the Board of
Directors of Devon Energy and Texas Commerce Bank.
Mr. Mosbacher also has been active in the Houston community where he
served as Chairman of the Board of the Greater Houston Partnership, the
Methodist Hospital, the Salvation Army, Trust for an Early Education and
the Greater Houston Area Chapter of the American Red Cross. He is
founder and Co-Chairman of Rebuilding Together Houston, which helps
repair homes for qualified low-income, elderly or disabled Houstonians.
He also served on the boards of South Texas College of Law, the Society
for the Performing Arts in Houston and as chairman of Preschool for All.
“Rob’s achievements in business and public service, as well as his
strong sense of community, will complement an already strong Board
contingent,” said Jack Fusco, President and Chief Executive and Board
Mr. Mosbacher earned a bachelor’s degree from Georgetown University and
a Juris Doctorate degree from Southern Methodist University.
Calpine Corporation is helping meet the needs of an economy that demands
more and cleaner sources of electricity. Founded in 1984, Calpine is a
major U.S. power company, currently capable of delivering over 24,000
megawatts of clean, cost-effective, reliable and fuel-efficient
electricity to customers and communities in 16 states in the United
States and Canada. Calpine owns, leases, and operates low-carbon,
natural gas-fueled, and renewable geothermal power plants. Using
advanced technologies, Calpine generates electricity in a reliable and
environmentally responsible manner for the customers and communities it
serves. Please visit www.calpine.com
for more information.
In addition to historical information, this release contains
forward-looking statements within the meaning of 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," "may," "will" and similar expressions
identify forward-looking statements. Such statements include, among
others, those concerning expected financial performance and strategic
and operational plans, as well as assumptions, expectations,
predictions, intentions or beliefs about future events. You are
cautioned that any 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 the
forward-looking statements. Please see 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, 2007, and its Quarterly Report on Form 10-Q for
the quarter ended September 30, 2008. These filings are available by
visiting the Securities and Exchange Commission's web site at www.sec.gov
or Calpine's web site at www.calpine.com.
Actual results or developments may differ materially from the
expectations expressed or implied in the forward-looking statements, and
Calpine undertakes no obligation to update any such statements.
Source: Calpine Corporation
Andre Walker, 713-830-8775