Calpine Names Rick Thomas Vice President- Finance and Business Development.Business Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--June 12, 2000 Calpine Corporation (NYSE NYSE See: New York Stock Exchange :CPN CPN Communist Party of Nepal CPN Commercial Property News CPN Civic Practices Network CPN Calling Party Number CPN Community Psychiatric Nurse (UK) CPN Cisco Powered Network CPN Connaitre et Proteger la Nature ), the nation's fastest growing independent power company, today announced it has promoted Rick Thomas to Vice President- Finance and Project Development. Calpine's Senior Vice President- Western Region, Jake Rudisill, stated, "In a little over a year, Rick Thomas has amply demonstrated his financial acumen and the ability to structure and close key transactions. With the rapid growth we expect for our operations, Calpine sees the need to further empower Rick with the authority and responsibility that his promotion provides." Since coming to Calpine, Thomas has been instrumental in the recent financing and project development activities of Calpine's Western Region. In particular, Thomas held a lead role in creating the Calpine Construction Finance Company, and funding of Sutter and South Point Energy Centers. Additionally, Thomas helped guide the closing on a major power purchase agreement with the Sacramento Municipal Utility District for the Sutter power plant and has participated in the financing and power marketing activities supporting the Calpine/Bechtel Bay Area Power Program. A 20-year veteran of the power industry, Thomas brings with him a background in business development, both domestic and international, and project financing Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. . In his re-focused role, Thomas will be responsible for managing the project development of new projects in Calpine's Western Region and the financing for the Los Medanos, Delta and subsequent energy centers. Thomas is an alumni of New Mexico State University New Mexico State University, at Las Cruces; land-grant and state supported; coeducational; chartered and opened 1889 as a college. It became New Mexico State Univ. of Engineering, Agriculture, and Science in 1958 and adopted its present name in 1960. and the University of New Mexico The University of New Mexico (UNM) is a public university in Albuquerque, New Mexico. It was founded in 1889. It also offers multiple bachelor's, master's, doctoral, and professional degree programs in all areas of the arts, sciences, and engineering. at Albuquerque. Calpine Corporation is dedicated to providing customers with clean, reliable and competitively priced electricity. Calpine is active in 21 states and Alberta, Canada. Calpine's corporate headquarters are located in San Jose, Calif., with regional offices in Houston, Texas; Pleasanton, Calif.; and Boston, Mass. Calpine currently has approximately 17,800 megawatts of capacity in operation, under construction or in announced development -- enough energy to power nearly 18 million households. The company was founded in 1984 and is publicly traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CPN. |
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