EXHIBIT 8.2


                        [LETTERHEAD OF MCCARTHY TETRAULT]


                                                    David W. Ross
                                                    Direct:    (403) 260-3606
                                                    E-Mail:    dross@mccarthy.ca

                                                    Assistant: Denise Lake
                                                    Direct:    (403) 260-3607
                                                    E-Mail:    dlake@mccarthy.ca
April 4, 2002

Calpine Corporation                            Calpine Canada Energy Finance ULC
50 West San Fernando Street                    Suite 800, Purdy's Wharf, Tower 1
San Jose, California  95113                    1959 Upper Water Street
USA                                            P.O. Box 997
                                               Halifax NS  B3J 3N2



Calpine Canada Energy Finance II ULC
Suite 800, Purdy's Wharf, Tower 1
1959 Upper Water Street
P.O. Box 997
Halifax NS  B3J 3N2

Dear Sirs:

Re:     Registration Statement - Calpine Corporation ("Calpine"),
        Calpine Canada Energy Finance ULC ("Energy Finance") and
        Calpine Canada Energy Finance II ULC ("Energy Finance II")
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As requested, we are rendering our opinion with respect to a summary of certain
Canadian federal income tax consequences of debt securities that may be issued
pursuant to the Registration Statement on Form S-3 (the "Registration
Statement") of Calpine, Energy Finance and Energy Finance II to be filed with
the United States Securities and Exchange Commission (the "SEC") on
April 4, 2002.

Our opinion is based on the current provisions of the Income Tax Act (Canada)
(the "Tax Act") and the Regulations thereunder (the "Regulations") in force on
the date hereof, specific proposals (the "Tax Proposals") to amend the Tax Act
or the Regulations publicly announced by the Minister of Finance prior to the
date hereof, and our understanding of the current published administrative and
assessing practices of the Canada Customs and Revenue Agency (the "CCRA"). Our
opinion is not exhaustive of all possible Canadian income tax consequences and,
except for the Tax Proposals, does not take into account or anticipate any

                                  -2-


changes in law or changes in the administrative and assessing practices of the
CCRA, whether by legislative, governmental or judicial action, nor does it take
into account income tax laws or considerations of any province or territory of
Canada or any jurisdiction other than Canada. No assurance can be given that the
Tax Proposals will become law in their present form or at all.

Based on the foregoing and subject to the assumptions, qualifications and
limitations contained therein, we hereby confirm our opinion contained in the
Registration Statement under the caption "Certain Canadian Federal Income Tax
Considerations".

We have not considered, and render no opinion on, any aspect of law other than
as expressly set forth above.

We hereby consent to the filing of this opinion as Exhibit 8.2 to the
Registration Statement. In giving such consent, we do not thereby admit that
we are in the category of persons whose consent is required under Section 7 of
the United States Securities Act of 1933, as amended.

Yours very truly,

/s/ McCarthy Tetrault LLP