Constellation Energy (CEG) agreed to acquire privately-held energy company Calpine in a cash-and-stock deal for a net price of $26.6 billion, including debt. Constellation will purchase Calpine, which produces electricity from natural gas and geothermal resources,
Constellation is buying power natural gas and geothermal power provider Calpine in a cash-and-stock deal valued at approximately $16.4 billion, joining together two of the country’s biggest power companies.
Combined, they will have a capacity of 60 gigawatts from nuclear, natural gas, geothermal, hydro, wind, solar, cogeneration and battery storage.
Constellation Energy, a major US nuclear power plant operator, has agreed to buy another electricity producer, Calpine, for nearly $27 billion, the two firms announced Friday.
Constellation is buying natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country's biggest power companies.
“By combining Constellation’s unmatched expertise in zero-emission nuclear energy with Calpine’s industry-leading, best-in-class, low-carbon natural gas and geothermal generation ...