8-K 1 o40702.htm

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 18, 2007

CALPINE CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

1-12079

77-0212977

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

50 West San Fernando Street, San Jose, California 95113

717 Texas Avenue, Houston, Texas 77002

(Addresses of principal executive offices and zip codes)

Registrant’s telephone number, including area code: (408) 995-5115

(Former name or former address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 — REGULATION FD DISCLOSURE

Calpine Corporation has reached a preliminary settlement with an ad hoc committee of bondholders (represented by Kasowitz, Benson, Torres & Friedman LLP and, also, by Macleod Dixon LLP, as to Canadian matters) related to claims asserted against it on account of certain guarantees related to certain defaulted bonds. The settlement is subject to definitive documentation and court and other approvals. A copy of the preliminary settlement outline is attached hereto as Exhibit 99.1.

ITEM 9.01 — FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(d)

Exhibits

99.1 Preliminary Settlement Outline Dated As Of April 13, 2007, Regarding Claims Held By Members Of Ad Hoc ULC1 Noteholders Committee.

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 Chief Accounting Officer

Date: April 18, 2007

EXHIBIT INDEX

Exhibit		Description

99.1		Preliminary Settlement Outline Dated As Of April 13, 2007, Regarding Claims Held By Members Of Ad Hoc ULC1 Noteholders Committee.