KIRKLAND & ELLIS LLP 

Citigroup Center

153 East 53rd Street 

New York, NY 10022-4611 

Telephone: (212) 446-4800 

Facsimile: (212) 446-4900 

Richard M. Cieri (RC 6062) 

Marc Kieselstein (admitted pro hac vice) 

David R. Seligman (admitted pro hac vice) 

Edward O. Sassower (ES 5823) 

Jeffrey S. Powell (admitted pro hac vice) 

Stephen E. Hessler (admitted pro hac vice) 

Counsel for the Debtors 

UNITED STATES BANKRUPTCY COURT 

SOUTHERN DISTRICT OF NEW YORK 

In re: 

)

)

 ) Chapter 11 

Calpine Corporation, et al., ) 

 ) Case No. 05-60200 (BRL) 

 Debtors. ) Jointly Administered 

 ) 

NOTICE OF APPEAL 

Calpine Corporation (“Calpine”) and its affiliated debtors and debtors in 

possession (the “Debtors”), pursuant to 28 U.S.C. § 158(a)(1) and Federal Rule of Bankruptcy 

Procedure 8001(a)(1), hereby appeal to the United States District Court for the Southern District 

of New York, the following Order of this Court: 

Memorandum Decision and Order Granting, in part, Debtors’ Motion for an 

Order (I) Authorizing Debtors to Obtain Replacement Postpetition Financing to 

(A) Refinance Existing Postpetition Financing and (B) Repay Prepetition Debt; 

(II) Allowing Debtors’ Limited Objection to Claims; and (III) Determining Value 

of Secured Claims, entered March 5, 2007 (Docket No. 3875) (the “Memorandum 

Decision and Order”). 

Case 1:07-cv-03266-GBD Document 1 Filed 04/24/2007 Page 1 of 5
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The names of the parties in interest to the Memorandum Decision and Order, and 

the names, addresses, and telephone numbers of their respective counsel, to the extent known, 

are as follows: 

Party Counsel 

Calpine Corporation, et al. (Debtors) Richard M. Cieri 

Marc Kieselstein 

David R. Seligman 

Edward O. Sassower 

Jeffrey S. Powell 

Stephen E. Hessler 

KIRKLAND & ELLIS LLP 

Citigroup Center

153 East 53rd Street 

New York, NY 10022-4611 

(212) 446-4800 

The Bank of Nova Scotia, as Administrative 

Agent 

Richard G. Mason 

Joshua A. Feltman 

Emil A. Kleinhaus 

WACHTELL, LIPTON, ROSEN & KATZ 

51 West 52nd Street 

New York, New York 10019-6150 

(212) 403-1000 

Wilmington Trust FSB, as Indenture Trustee Amanda D. Darwin 

Victor G. Millione 

Richard C. Pedone 

NIXON PEABODY LLP 

100 Summer Street 

Boston, Massachusetts 02110 

(617) 345-1000 

- and – 

Christopher M. Desiderio 

NIXON PEABODY LLP 

437 Madison Avenue 

New York, New York 10022 

(212) 940-3000 

Case 1:07-cv-03266-GBD Document 1 Filed 04/24/2007 Page 2 of 5
 3 

Wilmington Trust Company, as Collateral 

Agent 

Wilmington Trust Company, as Administrative 

Agent 

Amanda D. Darwin 

Victor G. Millione 

Richard C. Pedone 

NIXON PEABODY LLP 

100 Summer Street 

Boston, Massachusetts 02110 

(617) 345-1000 

– and – 

Christopher M. Desiderio 

NIXON PEABODY LLP 

437 Madison Avenue 

New York, New York 10022 

(212) 940-3000 

HSBC Bank USA, National Association, as 

Indenture Trustee 

Mark I. Bane 

Mark R. Somerstein 

David S. Elkind 

ROPES & GRAY LLP 

1211 Avenue of the Americas 

New York, New York 10036-8704 

(212) 596-9000 

The Bank of New York, as Administrative 

Agent 

Mark I. Bane 

Mark R. Somerstein 

David S. Elkind 

ROPES & GRAY LLP 

1211 Avenue of the Americas 

New York, New York 10036-8704 

(212) 596-9000 

Manufacturers & Traders Trust Company, as 

Indenture Trustee 

Martin J. Bienenstock 

George A. Davis 

Penny P. Reid 

Christopher Marcus 

WEIL, GOTSHAL & MANGES LLP 

767 Fifth Avenue 

New York, New York 10153-0119 

(212) 310-8000 

Case 1:07-cv-03266-GBD Document 1 Filed 04/24/2007 Page 3 of 5
 4 

Credit Suisse, as proposed Replacement DIP 

Facility Administrative Agent 

Peter V. Pantaleo 

David J. Mack 

SIMPSON THACHER & BARTLETT LLP 

425 Lexington Avenue 

New York, New York 10017 

(212) 455-2220 

Official Committee of Unsecured Creditors Michael S. Stamer 

Philip C. Dublin 

Fred S. Hodara 

AKIN GUMP STRAUSS HAUER & FELD 

LLP 

590 Madison Avenue 

New York, New York 10022-2524 

(212) 872-1000 

Official Committee of Equity Security Holders Gary L. Kaplan 

FRIED, FRANK, HARRIS, SHRIVER & 

JACOBSON LLP 

One New York Plaza 

New York, New York 10004 

(212) 859-8812 

Unofficial Committee of Second Lien 

Debtholders of Calpine Corp. 

Andrew N. Rosenberg 

Elizabeth R. McColm 

PAUL WEISS RIFKIND WHARTON & 

GARRISON LLP 

1285 Avenue of the Americas 

New York, New York 10019-6064 

(212) 373-3000 

Case 1:07-cv-03266-GBD Document 1 Filed 04/24/2007 Page 4 of 5
 5 

Dated: March 14, 2007 

 New York, New York 

Respectfully submitted, 

/s/ Richard. M. Cieri_ ________

 Richard M. Cieri (RC 6062) 

Marc Kieselstein (admitted pro hac vice) 

David R. Seligman (admitted pro hac vice) 

Edward O. Sassower (ES 5823) 

Jeffrey S. Powell (admitted pro hac vice) 

Stephen E. Hessler (admitted pro hac vice) 

KIRKLAND & ELLIS LLP 

Citigroup Center 

153 East 53rd Street 

New York, New York 10022-4611 

Telephone: (212) 446-4800 

Facsimile: (212) 446-4900 

Counsel for the Debtors 

Case 1:07-cv-03266-GBD Document 1 Filed 04/24/2007 Page 5 of 5