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Larry B. Leverett joined Calpine in November 2006 as Senior Vice President Gas Trading. He is responsible for managing natural gas positions and risk management strategies for Calpine's gas-fired power portfolio. Mr. Leverett has 15 years of commercial energy experience and brings to Calpine in-depth experience in both gas and power trading and related risk management programs. He has served as Senior Vice President - Wholesale Markets for TXU Portfolio Management L P where he worked from 2000 through 2005. At TXU he managed a diverse portfolio including power generation power load and tolling transactions; in addition to wholesale power natural gas ancillary services and emission credits. He also has served in senior management positions with Avista Energy and El Paso Energy. Most recently during 2006 he was a senior consultant for PNM Resources leading commercial and operational management for its Southwest gas and power businesses. He holds a master's degree in business administration from the University of Houston and a bachelor of science degree in business administration from Christian Brothers College in Memphis Tennessee. | 