SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CALPINE CORPORATION
By: /s/ Charles B. Clark, Jr.
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Charles B. Clark, Jr.
Senior Vice President and Controller
Chief Accounting Officer
Date: April 8, 2002
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EXHIBIT 16.0
NEWS RELEASE CONTACTS: 408/995-5115
Media Relations: Katherine Potter, X1168
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Investor Relations: Rick Barraza, X1125
CALPINE SELECTS DELOITTE AND TOUCHE LLP
AS INDEPENDENT PUBLIC ACCOUNTANTS
(SAN JOSE, CALIF.) March 25, 2002 -- Calpine Corporation [NYSE:CPN] today
announced that its Board of Directors, after extensive review and at the
recommendation of its Audit Committee and the company's management, has selected
Deloitte and Touche LLP as Calpine's independent public accountants for 2002.
The appointment of Deloitte and Touche is subject to the ratification of
shareholders of record on March 29, 2002 at Calpine's 2002 Annual Meeting of
Stockholders, scheduled for May 23, 2002. Prior to the selection of Deloitte and
Touche, Arthur Andersen LLP served as the company's independent public
accountants.
Arthur Andersen LLP exhibited the highest level of professionalism and
provided exemplary service to Calpine since 1991. The decision to change
accountants was made after careful consideration and is not the result of any
disagreement between the company and Andersen on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure. Andersen's report on Calpine's 2001 financial statements is expected
to be issued during the week of March 25, 2002, in conjunction with the filing
of Calpine's Annual Report on Form 10-K for the year ended December 31, 2001.
Based in San Jose, Calif., Calpine Corporation is an independent power
company that is dedicated to providing customers with clean, efficient, natural
gas-fired power generation. It generates and markets power, through plants it
develops, owns and operates, in 29 states in the United States, three provinces
in Canada and in the United Kingdom. Calpine also is the world's largest
producer of renewable geothermal energy, and it owns and markets 1.3 trillion
cubic feet of proved natural gas reserves in Canada and the United States. The
company was founded in 1984 and is publicly traded on the New York Stock
Exchange under the symbol CPN. For more information about Calpine, visit its
website at www.calpine.com.
EXHIBIT 16.1
April 8, 2002
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir:
We have read Item 4 included in the Form 8-K/A dated March 25, 2002 of
Calpine Corporation to be filed with the Securities and Exchange Commission and,
inasmuch as it relates to Arthur Andersen LLP, are in agreement with the
statements contained therein.
Very truly yours,
/s/ Arthur Andersen LLP
cc: Mr. Robert Kelly, CFO, Calpine Corporation
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