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Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines. The company sells power, steam, capacity, renewable energy credits, and ancillary services to utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities and other governmental entities, and power marketers, as well as retail commercial, industrial, and residential customers. As of February 25, 2020, it held 77 power plants in operation or under construction comprising approximately 26,000 megawatts of generation capacity. Calpine Corporation was incorporated in 1982 and is based in Houston, Texas. Calpine Corporation operates as a subsidiary of CPN Management, LP
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