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Headquarters:
50 West San Fernando Street
San Jose, CA 95113
Employees: 3,500
CEO: Robert May
Stock Symbol: CPNLQ.PK
Website:
http://www.calpine.com
Career Site
Calpine Corporation supplies customers and communities with electricity
from clean, efficient, natural gas-fired and geothermal power
plants. Calpine owns, leases and operates integrated systems
of plants in 21 U.S. states and in three Canadian provinces.
Its customized products and services include wholesale and retail
electricity, gas turbine components and services, energy management
and a wide range of power plant engineering, construction and
maintenance and operational services.
The company was founded in 1984.
Calpine filed for Chapter 11 bankruptcy
in December, 2005 to restructure its debts and protect assets.
Calpine has received commitments for up
to $2 billion of secured debtor-in-possession (DIP) financing
from Deutsche Bank and Credit Suisse First Boston.
In 2004, Calpine had revenues of $8.7 billion
and a net loss of $242 million.
Benefits
Medical Plan
· Choice of Preferred Provider
Organization (PPO) or Point of Service (POS) plans, both with
a wide
network of providers and low or no deductibles
· Coverage includes preventative care, inpatient charges,
mental health, substance abuse, and prescription
drugs for you, your spouse or domestic partner, and eligible
dependent children
Dental plan
· Coverage includes preventative care, basic and major
dental work, as well as orthodontia for you, your
spouse or domestic partner, and eligible dependent children
Vision Plan
· Coverage includes annual examinations, lenses and
frames, and contact lenses for you, your spouse or
domestic partner, and eligible dependent children
Life Insurance
· Includes Basic Life and Accidental Death & Dismemberment
at three times annual base salary (up to
$1,100,000), Basic Dependent Life at $5,000 for spouse and eligible
children, and available Supplemental
Life insurance for you, your spouse, and your eligible children
(at your cost)
Calpine Retirement Savings 401(k)
· Calpine automatically contributes 4% of your pre-tax
earnings, which is immediately vested, regardless or
your contribution
· You can contribute up to 60% of your pre-tax annual
earnings up to $13,000 for 2004
Employee Investment Services
· Professionally managed investment opportunities
designed to complement your general investing, as well
as retirement plan savings, college planning or managing substantial
assets
529 College Savings Plan
· The 529 College Savings Plan provides college savers
with tax-advantaged investment portfolios designed
to meet tuition and other higher-education expenses at any eligible
education institution in the country
Paid Time Off Programs
· Calpine observes 72 hours
paid holiday per year (schedule varies by location). You
will also
hours of holiday time for your birthday
- For a milestone birthday ending in a "0", you will
receive an additional 32 hours of
- Part-time employees will receive prorated holiday pay based
on their standard schedule
· Vacation is accrued on a per-period basis based
on your length of service
- Full Time employees receive 120 hours for 0-9 years, 160 hours
for 10-14 years, and
for 15+ years
- You may purchase up to 40 hours of additional vacation time
per year (based on your
- One per year, you may cash out up to 80 hours of your unused
vacation hours, provided
balance after the payment is at least 40 hours
· Sick time is available as needed and may also
be used for doctor and dental appointments
Calpine Cash
· Calpine provides $600
per employee per year to offset employee paid premiums for medical
and
dental/vision coverages (any excess Calpine Cash is placed in
your Health Care Spending Account)
Employee Stock Purchase Plan
· Allows you to purchase
Calpine stock at a 15% discount at six-month intervals through
after-tax payroll
deductions
Updated January 18, 2006
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