Calpine developing 309 MW Garrison Energy Center

Subject to continued successful development milestones, including the receipt of key environmental and land use approvals, Calpine expects to commence construction of the facility in early 2013 and to achieve commercial operation by June 1, 2015

Houston, November 1, 2012 — Calpine Corp. will proceed with full-scale development for the proposed 309 MW Garrison Energy Center, a natural gas-fired combined cycle power plant to be located in Dover, Delaware.

Subject to continued successful development milestones, including the receipt of key environmental and land use approvals, Calpine expects to commence construction of the facility in early 2013 and to achieve commercial operation by June 1, 2015.

The Garrison Energy Center is under advanced development as a combined cycle, natural gas-fired generating facility that will be designed to accommodate an additional 309 MW expansion should future market conditions warrant. To date, the project has received strong support from state and local officials as a significant economic development opportunity and a valuable addition to the state's energy infrastructure.

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