Morgan Stanley Investor Call Thad Hill President & CEO, Calpine Corp. June 8, 2016
National Portfolio of More Than 27,000 MW Geographic 0% Diversity Texas East 9,427 MW 10,430 MW 35% 38% West 7,425 MW 27% Dispatch Technology Renewables Combined Simple Cycle/ 729 MW Cycle: Other 3% Cogeneration…
Smiling at Higher Gas Prices Calpine Sensitivity to Natural Gas Prices1 Regional Gas Positions (Illustrative Unhedged Forward View) 245 250 West, New England (Long) Change in Energy Margin ( Millions) Gas sets price the…
Stable Financial Profile Provides Ability to De-Lever Opportunistically Strong Financial Performance East capacity provides substantial in Various Gas Price Scenarios cash flow visibility 80 5 545 PJM + ISO NE Capacity Revenue…
Positioned for Tomorrow, At a Discount Today Deliberate Strategic Positioning Industry-leading operations Value Opportunity Ongoing cost discipline Customer focus During Cyclical Lows Premier 50% of Margin secured annually…