UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of

                       the Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): April 26, 2004


                               CALPINE CORPORATION

                            (A Delaware Corporation)

                        Commission File Number: 001-12079

                  I.R.S. Employer Identification No. 77-0212977


                           50 West San Fernando Street

                           San Jose, California 95113

                            Telephone: (408) 995-5115





ITEM 5.  OTHER EVENTS

NEWS RELEASE                                             CONTACTS:  408-995-5115
                                    Media Relations: Katherine Potter, Ext. 1168
                                     Investor Relations: Karen Bunton, Ext. 1121


               Calpine Successfully Completes Consent Solicitation

     SAN  JOSE,  Calif.   /PRNewswire-FirstCall/   April  26,  2004  --  Calpine
Corporation  (NYSE:  CPN) has  successfully  completed its previously  announced
consent  solicitation to effect certain  amendments to the Indentures  governing
the following outstanding Calpine public debt securities:

     o  10-1/2% Senior Notes due 2006 (CUSIP 131347-AD-8)

     o  8-3/4% Senior Notes due 2007 (CUSIP 131347-AF-3)

     o  7-7/8% Senior Notes due 2008 (CUSIP 131347-AJ-5)

     o  7-5/8% Senior Notes due 2006 (CUSIP 131347-AL-0)

     o  7-3/4% Senior Notes due 2009 (CUSIP 131347-AM-8)

     The Indentures  govern the Senior Notes issued by Calpine  between 1996 and
1999.  The purpose of the  amendments is to conform  certain of the covenants in
these Indentures to comparable  provisions in the Indentures and other financing
instruments governing the nonconvertible debt issued by Calpine in 2003.

     Goldman,  Sachs & Co.  acted as the  exclusive  Solicitation  Agent for the
consent solicitation,  and Bondholder Communications Group served as Information
Agent.

     Calpine  Corporation,  celebrating  its 20th  year in  power in 2004,  is a
leading North  American power company  dedicated to providing  electric power to
wholesale and industrial customers from clean, efficient,  natural gas-fired and
geothermal power  facilities.  The company  generates power at plants it owns or
leases in 21 states in the United States,  three  provinces in Canada and in the
United  Kingdom.  The company is publicly  traded on the New York Stock Exchange
under the symbol CPN. For more information about Calpine, visit www.calpine.com.







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.

                              Charles B. Clark, Jr.
                      Senior Vice President and Controller
                            Chief Accounting Officer

Date:  April 28, 2004