[August 21, 2017]

CALPINE CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Buyout

Rigrodsky & Long, P.A.:

• Do you own shares of Calpine Corporation (NYSE: CPN)?
• Did you purchase any of your shares prior to August 18, 2017?
• Do you think the proposed buyout is fair?
• Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Calpine Corporation ("Calpine" or the "Company") (NYSE: CPN) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Energy Capital Partners along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board in a transaction valued at approximately $5.6 billion. Under the terms of the agreement, shareholders of Calpine will receive $15.25 in cash for each share of Calpine common stock.

If you own common stock of Calpine and purchased any shares before August 18, 2017, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, or by e-mail at [email protected].

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170821005900/en/

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