Calpine Corporation (NYSE:CPN) has named veteran power industry leader
Charlie Gates as its Executive Vice President of Power Operations
effective April 1, 2016. Mr. Gates previously served as Duke Energy
Corporation’s Senior Vice President and Chief Fossil/Hydro Officer. He
will report to Calpine’s President and Chief Executive Officer, Thad
Hill. Mr. Gates will succeed Tom Webb, who came out of retirement to
lead Calpine’s Power Operations team on an interim bases since August
2015 and previously had led the team in 2009-2010.
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Charlie Gates has been named Calpine Corporation's Executive Vice President of Power Operations effective April 1, 2016. (Photo: Business Wire)
“The depth of Charlie’s experience and accomplishments in the power
industry is hard to match. In addition to heading operations of one of
the largest power plant fleets in the nation, Charlie has developed
important technological improvements, led merger integration teams and
achieved impressive safety performance. I am very pleased to welcome him
to Calpine’s executive management team,” Mr. Hill said. “I am also very
grateful to Tom for his leadership over the past several months as he
applied his deep knowledge and skills to maintaining operational
excellence across our power plant fleet.”
At Duke, Mr. Gates was responsible for all regulated non-nuclear
generation assets, including significant budgets and approximately
42,000 MWs of generation capacity. He was promoted to his most recent
role in August 2014 after serving as SVP of Power Generation Operations
since July 2012, when Progress Energy merged with Duke. He had served in
a similar capacity for Progress since January 2012 after being promoted
from Vice President of Fossil Generation for Progress Energy for the
Carolinas and Florida. He was previously General Manager of Progress
Energy Florida from the time the company merged with Carolina Power &
Light Company in 2001 to 2006. Mr. Gates began his power industry career
with Carolina Power & Light in 1982 as an associate engineer and moved
up through increasingly responsible positions to become General Manager
of five fossil-fuel plants in 2000. Mr. Gates’ other industry leadership
roles include serving as Chairman of the Generation Council for the
Electric Power Research Institute. He earned bachelor’s degrees in
chemical engineering from North Carolina State University and in
political science from the University of North Carolina.
About Calpine
Calpine Corporation is America’s largest generator of electricity from
natural gas and geothermal resources. Our fleet of 84 power plants in
operation or under construction represents more than 27,000 megawatts of
generation capacity. Through wholesale power operations and our retail
business, Champion
Energy, we serve customers in 20 states and Canada. We specialize in
developing, constructing, owning and operating natural gas-fired and
renewable geothermal power plants that use advanced technologies to
generate power in a low-carbon and environmentally responsible manner.
Our clean, efficient, modern and flexible fleet is uniquely positioned
to benefit from the secular trends affecting our industry, including the
abundant and affordable supply of clean natural gas, stricter
environmental regulation, aging power generation infrastructure and the
increasing need for dispatchable power plants to successfully integrate
intermittent renewables into the grid. Please visit www.calpine.com
to learn more about why Calpine is a generation ahead – today, or visit www.championenergyservices.com
for details on Champion’s award-winning retail electric services.
Forward-Looking Information
In addition to historical information, this release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Words such as “believe,” “intend,” “expect,”
“anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,”
“project” and similar expressions identify forward-looking statements.
Such statements include, among others, those concerning expected
financial performance and strategic and operational plans, as well as
assumptions, expectations, predictions, intentions or beliefs about
future events. You are cautioned that any such forward-looking
statements are not guarantees of future performance and that a number of
risks and uncertainties could cause actual results to differ materially
from those anticipated in the forward-looking statements. Please see the
risks identified in this release or in Calpine’s reports and
registration statements filed with the Securities and Exchange
Commission, including, without limitation, the risk factors identified
in its Annual Report on Form 10-K for the year ended Dec. 31, 2015.
These filings are available by visiting the Securities and Exchange
Commission’s website at www.sec.gov
or Calpine’s website at www.calpine.com.
Given the risks and uncertainties surrounding forward-looking
statements, you should not place undue reliance on these statements.
Many of these factors are beyond our ability to control or predict. Our
forward-looking statements speak only as of the date of this release.
Actual results or developments may differ materially from the
expectations expressed or implied in the forward-looking statements,
and, other than as required by law, Calpine undertakes no obligation to
update any such statements, whether as a result of new information,
future events, or otherwise.
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