Exhibit 99.2

CONTACTS: |  |  | NEWS RELEASE |
Media Relations: |  |  | Investor Relations: |
Norma F. Dunn |  |  | Bryan Kimzey |
713-830-8883 |  |  | 713-830-8775 |
norma.dunn@calpine.com |  |  | bryan.kimzey@calpine.com |

Calpine to Host Investor Conference

Live webcast available at 1 p.m. Central Time, April 10

(HOUSTON, Texas) – April 10, 2013 – Calpine Corporation’s (NYSE: CPN) senior management team will provide an update on the company’s financial and operating outlook, capital allocation and business strategy as well as developments and trends in power and related commodity markets, the independent power sector and the broader electric industry during an investor conference on Wednesday, April 10, 2013.

The four-hour presentation will begin promptly at 1 p.m. Central Time. A live audio webcast of the meeting may be accessed by clicking on the investor day link on the company’s home page, www.calpine.com. A replay of the webcast will be available following the live presentation.

About Calpine

Calpine Corporation generates more electricity than any other independent power producer in America, with a fleet of 92 power plants in operation or under construction, representing more than 27,000 megawatts of generation capacity. Serving customers in 20 states and Canada, we specialize in developing, constructing, owning and operating natural gas-fired and renewable geothermal power plants that use advanced technologies to generate power in a low-carbon and environmentally responsible manner. Our clean, efficient, modern and flexible fleet is uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, stricter environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid. We focus on wholesale competitive power markets and advocate for market-driven solutions that result in nondiscriminatory forward price signals for investors. Please visit www.calpine.com to learn more about why Calpine is a generation ahead – today.

Forward-Looking Information

In addition to historical information, this release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will” and similar expressions identify forward-looking statements. Such statements include, among others, those concerning expected financial performance and strategic and operational plans, as well as assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Please see the risks identified in this release or in Calpine’s reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, the risk factors identified in its Annual Report on Form 10-K for the year ended Dec. 31, 2012. These filings are available by visiting the Securities and Exchange Commission’s website at www.sec.gov or Calpine’s website at www.calpine.com. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and Calpine undertakes no obligation to update any such statements.

###