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Published on 6/14/2007 in the Prospect News Distressed Debt Daily.

Calpine promotes Brown to VP of financial planning and analysis

By Caroline Salls

Pittsburgh, June 14 - Calpine Corp. promoted Melissa Brown to senior vice president of strategy and financial planning and analysis, according to a company news release.

In her new role, Brown will provide research and analysis on strategic matters and oversee Calpine's financial planning and analysis group, which provides budgets, short- to mid-term forecasts, variance analysis and plant-level and corporate-level financial metric analysis.

In addition, she will manage an analytics group, which provides economic analysis for expansions, mergers and acquisitions and other development projects, as well as for asset rationalizations and large capital expenditures.

Brown joined Calpine in March 2006 as the senior vice president-treasurer and will still hold that role on an interim basis, continuing to manage the treasury and corporate insurance functions.

She received a bachelor of science in business administration from Oklahoma State University and her master's in business administration from the College of William and Mary.

Calpine, a San Jose, Calif., power company, filed for bankruptcy on Dec. 20, 2005 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 05-60200.


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