Calpine Corporation (Calpine) is a wholesale power company that operates and develops power generation facilities across the United States. The Company’s core business and primary source of revenue is the generation and sale of electricity and electricity-related products across the United States through the operation of its portfolio of generation assets. The Company operates a fleet of power generation facilities with over 25,000 megawatts of capacity as of December 31, 2006. Calpine Corporation and 273 of its wholly owned subsidiaries in the United States have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court, and 12 of its Canadian subsidiaries have filed for creditor protection under the Companies’ Creditors Arrangement Act (Canada) (CCAA) in the Canadian Court.