Calpine Names Ken Robinson Vice President and Chief Risk Officer
HOUSTON--(BUSINESS WIRE)-- Calpine Corporation (NYS: CPN) has hired Ken Robinson as Vice President and Chief Risk Officer. In this role, Mr. Robinson is responsible for maintaining oversight of Calpine's risk management framework and ensuring the risks of the company are communicated and understood throughout the organization.
Most recently, Mr. Robinson worked 5 ½ years for BP, the last two as Chief Risk Officer for BP North American Gas and Power covering market, credit and operational risks. Prior to this role, he was the BP Global Head of Market Risk and was responsible for managing a diverse, global market risk function. Previously, Mr. Robinson served as Chief Risk Officer for El Paso Corp. and was the Vice President of Trading Risk Management in an earlier role at El Paso. Additionally, he was Vice President of Risk Management at TXU and held several positions in mid-office and accounting for Ensearch Energy Services. He earned his Bachelor of Business Administration from the University of Texas at Arlington.
Calpine Corporation generates more electricity than any other independent power producer in America, with a fleet of 92 power plants in operation or under construction, representing more than 27,000 megawatts of generation capacity. Serving customers in 20 states and Canada, we specialize in developing, constructing, owning and operating natural gas-fired and renewable geothermal power plants that use advanced technologies to generate power in a low-carbon and environmentally responsible manner. Our clean, efficient, modern and flexible fleet is uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, stricter environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid. We focus on wholesale competitive power markets and advocate for market-driven solutions that result in nondiscriminatory forward price signals for investors. Please visit www.calpine.com to learn more about why Calpine is a generation ahead - today.
In addition to historical information, this release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "believe," "intend," "expect," "anticipate," "plan," "may," "will" and similar expressions identify forward-looking statements. Such statements include, among others, those concerning expected financial performance and strategic and operational plans, as well as assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Please see the risks identified in this release or in Calpine's reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, the risk factors identified in its Annual Report on Form 10-K for the year ended Dec. 31, 2011. These filings are available by visiting the Securities and Exchange Commission's website at www.sec.gov or Calpine's website at www.calpine.com. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and Calpine undertakes no obligation to update any such statements.
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