![Commercial Ops Graphic Commercial Ops Graphic](https://dnnt93026.blob.core.windows.net/portals/0/Images/Calpine/Commercial%20Ops%20Graphic.jpg?sr=b&si=DNNFileManagerPolicy&sig=Zdbe5uOQQGLRoYu3Mpp8d%2BkbLlM9fCY9c8rtyGL%2BN8g%3D)
Calpine’s Commercial Operations team applies specialized trading and market knowledge to maximize the value of our power plant fleet. By optimizing the combination of long-term bilateral contracts, spot market participation decisions and forward hedging programs, our Commercial Operations group enables Calpine to take advantage of value-enhancing opportunities for individual power plants and for our fleet as a whole.