On October 15, 2009, Calpine Corporation announced the pricing of its 7.25% Senior Secured Notes due 2017 in a private placement to holders of term loans under its existing credit facility for a like principal amount of term loans outstanding under such credit facility. The amount of the offering was increased to $1.2 billion, provided that the amount of loans purchased and notes issued could be slightly less than $1.2 billion due to rounding of amounts issued to $1,000 increments. The aggregate principal amount of the notes offered was increased from $750 million. A copy of the press release is being furnished as Exhibit 99.1 and incorporated by reference herein.

(d)     Exhibits

Exhibit No.   Description

   99.1       Calpine Corporation Press Release dated October 15, 2009.*


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* Furnished herewith.