Calpine Power Income Fund

Calpine Power Income Fund

July 12, 2005 15:53 ET

Calpine Power Income Fund Confirms July 2005 Distribution

CALGARY, ALBERTA--(CCNMatthews - July 12, 2005) - Calpine Power Income Fund (TSX:CF.UN) today confirmed that the cash distribution for the period July 1 to July 31, 2005 has been set at CDN$0.0818 per trust unit. The cash distribution for this period will be paid on August 19, 2005 to unitholders of record on July 29, 2005. The ex-distribution date is July 27, 2005.

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 our website at or see below.

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