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Calpine Power Income Fund Appoints Geoff Krause as Vice President and Chief Financial Officer.

CALGARY, Alberta -- Calpine Power Income Fund (TSX:CF.UN) (the "Fund") announced today the appointment of Geoff Krause to Vice President and Chief Financial Officer of Calpine Canada Power Ltd, the Manager of the Fund.

"We are delighted to have Geoff join our team and take on this challenging and exciting role for the Fund and Calpine Canada," says Toby Austin, President and Chief Executive Officer of Calpine Canada. "Geoff brings a wealth of experience from previous roles in the energy industry, and we know he will make a valuable contribution to our success."

Mr. Krause will serve as Vice President and Chief Financial Officer for the Fund, contributing to all major financial decisions and transactions affecting the Fund. Mr. Krause will also serve as Vice President and Chief Financial Officer of Calpine's finance operations in Canada. Prior to taking on this role Mr. Krause worked for various leading energy companies in Canada and Mexico within the pipeline, power and oil and gas servicing sectors. He is a graduate of the University of Regina, Bachelor of Administration and received his Chartered Accountancy designation in 1992.

Calpine Power Income Fund is an unincorporated open-ended trust that invests in electrical power assets. The Fund indirectly owns interests in power generating facilities in British Columbia, Alberta and California. In addition, the Fund owns a participating loan interest in a power plant in Ontario and has made a loan to Calpine Canada Power Ltd. The Fund is managed by Calpine Canada Power Ltd., which is headquartered in Calgary, Alberta.

The Calpine Power Income Fund units are listed on the Toronto Stock Exchange under the symbol CF.UN. For further information on the Fund, please visit its website at www.calpinepif.com.

Calpine Power Income Fund (TSX:CF.UN)
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Comment:Calpine Power Income Fund Appoints Geoff Krause as Vice President and Chief Financial Officer.
Publication:Business Wire
Geographic Code:1CANA
Date:Nov 2, 2005
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