Calpine (CPNLQ) 8-K Departure of Directors or Principal Officers

CALPINE

SEVERANCE BENEFIT SUMMARY SHEET

Date:	2/27/2007
Name:	Jim Macias
Service/Hire Date:	5/10/00
Severance Period Eligibility*:	20.8 Weeks
Total Value of Base Salary Continuance*:	$199,996.16
Optional Benefits Continuance coverage ends*	11/30/07
Optional Outplacement Services*	24 Hours
Termination Date:	2/28/07
Signed General Release is due no later than:	4/14/07
HR Contact/ Phone Number:	Ed Pawkett 408-794-2411

* To be eligible for entire period/amount, General Release must be received by Calpine.