Calpine Power Income Fund
TSX : CF.UN

Calpine Power Income Fund

January 19, 2006 21:59 ET

Calpine Power Income Fund Announces Cash Distribution For January 2006

CALGARY, ALBERTA--(CCNMatthews - Jan. 19, 2006) - Calpine Power Income Fund (TSX:CF.UN) today announced that the cash distribution for the month of January 2006 will be $0.0818 per trust unit, consistent with the monthly cash distributions made in 2005.

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Record Date Ex-Distributione Distribution Distribution
Date Date per Unit
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January 31, January 27, February 20,
2006 2006 2006 $0.0818
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"Management and the Trustees have decided to maintain the January cash distribution per unit at current levels", says Toby Austin, President and Chief Executive Officer of Calpine Canada Power Ltd. "We believe it is prudent to maintain the current level of distributions for January while the process to market the generation capacity of the Calgary Energy Centre develops further. Management and the Trustees will continue to assess the financial position of the Fund to determine the future level of cash distributions to be made to unitholders."

Calpine Power Income Fund is an unincorporated open-ended trust that invests in electrical power assets. The Fund indirectly owns interests in power generating facilities in British Columbia, Alberta and California. In addition, the Fund owns a participating loan interest in a power plant in Ontario and has made a loan to Calpine Canada Power Ltd. The Fund is managed by Calpine Canada Power Ltd., which is headquartered in Calgary, Alberta.

The Calpine Power Income Fund units are listed on the Toronto Stock Exchange under the symbol CF.UN. For further information on the Fund, please visit its website at www.calpinepif.com.

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