Master Construction Management Agreements

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .

                    MASTER CONSTRUCTION MANAGEMENT AGREEMENT

                                      AMONG

                  CALPINE CONSTRUCTION MANAGEMENT COMPANY, INC.

                           CALPINE GENERATING COMPANY

                                       AND

                            CERTAIN FACILITY OWNERS

                           DATED AS OF MARCH 23, 2004



                                TABLE OF CONTENTS




                                                                                   Page
                                   . . .