NEW YORK (Standard&Poor's) Jan. 14, 2005--Standard&Poor's Ratings Services said today that it views Calpine Corp.'s (B/Negative/--) potential sale of its Saltend plant as favorable for the company's credit quality, but not sufficient to warrant a change in the outlook. Calpine announced that it is currently evaluating strategic financial alternatives for its Saltend Energy Centre, including the potential sale of the power plant. Calpine has retained Credit Suisse First Boston as its advisor to assist the company with this process. Net proceeds from any sale of the facility would be used to redeem the existing $360 million two-year redeemable preferred shares with the remaining proceeds to be used in accordance with the asset sale provisions of Calpine's
