Calpine Retail President To Depart Company

Calpine reported in an 8-K that W.G (Trey) Griggs III, Executive Vice President and President, Calpine Retail, will be leaving the company subsequent to the consummation of the previously reported merger transaction with Energy Capital Partners and a consortium of investors that was approved by the company’s stockholders on December 15, 2017.

Calpine said in the 8-K that Griggs’ planned departure is not the result of any disagreement with the company on any matter relating to the company’s operations, policies or practices.

Calpine also reported that the amended and restated executive employment agreement between Calpine Corporation and its Executive Vice President and Chief Legal Officer, W. Thaddeus Miller, dated as of December 18, 2015, expired pursuant to its terms on December 31, 2017. Following the expiration of the Employment Agreement, pursuant to a letter dated as of December 29, 2017, Miller will continue to serve in his current role as an at-will employee.