8-K 1 o121301.txt 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): December 12, 2001 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 On December 12, 2001, Calpine Corporation announced that it purchased $122 million in aggregate principal amount of its Zero Coupon Convertible Debentures due April 30, 2021 in open-market and privately negotiated transactions. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Not applicable. (b) Not applicable. (c) Exhibits. 99.0 Press release dated December 12, 2001. 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: December 13, 2001 EXHIBIT 99.0 NEWS RELEASE Contact: 408/995-5115 Media Relations: Katherine Potter, X1168 Investor Relations: Rick Barraza, X1125 CALPINE PURCHASES $122 MILLION OF ZERO COUPON CONVERTIBLE DEBENTURES (SAN JOSE, CALIF.) December 12, 2001 -- Calpine Corporation [NYSE:CPN] announced today that it has purchased $122 million in aggregate principal amount of its Zero Coupon Convertible Debentures due April 30, 2021 in open-market and privately negotiated transactions. These purchases were effected today through several transactions at various prices. All convertible debentures that have been repurchased will be retired. Calpine used existing cash on hand to fund these purchases. The amount of the Convertible Debentures that remain outstanding after these purchases is $878 million. Bob Kelly, president of Calpine Finance Company, stated, "These purchases reaffirm our commitment and position that Calpine has sufficient liquidity to meet our current and ongoing capital requirements." Calpine may purchase additional convertible debentures from time to time in open-market or privately negotiated transactions based upon market and other conditions. Based in San Jose, Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world's largest producer of renewable geothermal energy. Calpine has launched the largest power development program in North America. The company currently has approximately 9,200 megawatts of base load and 1,900 megawatts of peaking capacity in operation, 17,100 megawatts under construction and 18,400 megawatts in announced development. Calpine's projects are located in 29 states in the United States, three provinces in Canada and in the United Kingdom. The company was founded in 1984 and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information about Calpine, visit its website at www.calpine.com.