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Published on 10/24/2008 in the Prospect News Special Situations Daily.

SPO Partners II-led investors continue to invest in Calpine

By Lisa Kerner

Charlotte, N.C., Oct. 24 - A group of Calpine Corp. investors led by SPO Partners II increased their ownership interest to 21.3% from 19.4% through a series of share purchases made between Oct. 16 and Oct. 22.

SPO Partners beneficially owns approximately 89.89 million shares of the San Jose, Calif., power company, according to a schedule 13D/A filed with the Securities and Exchange Commission.


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