Constellation is buying natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country's biggest power companies. The acquisition would create the nation’s leading retail electric supplier,

Baltimore-based Constellation, the nation’s largest operator of nuclear power plants, is acquiring Calpine Corp.

Baltimore-based Constellation’s plans to acquire a Houston, Texas,-based natural gas  producer in a $26.6 billion deal will create one of the nation’s biggest energy firms at a time

Combined, they will have a capacity of 60 gigawatts from nuclear, natural gas, geothermal, hydro, wind, solar, cogeneration and battery storage.

The Canada Pension Plan Investment Board is selling its stake in Texas-based electricity producer Calpine Corp. for cash and stock, reaping a significant windfall in a deal that will see Constellation Energy Corp. CEG-Q acquire Calpine for US$16.4-billion.

Constellation Energy shares could remain in focus on Monday after surging more than 25% Friday as the energy giant announced that it will acquire rival Calpine in a deal valued at $26.6 billion. Monitor these key chart levels.

Constellation is buying natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country's biggest power companies.

Pennsylvania and Virginia. The buyout will also create the Constellation will buy Calpine with 50 million of its shares and $4.5 billion in cash. It will also assume about $12.7 billion in Calpine ...

In a world where private equity is struggling to return cash to investors, the $16.4 billion sale of Calpine Corp to Constellation Energy shines like a rare diamond in the rough, sparking hopes for a resurgence of mega-exits.

Constellation Energy to buy Calpine in blockbuster $16.4 billion ... to an Amazon data center located on the site of Talen's Pennsylvania nuclear plant, according to a filing on Thursday.

Pressure to reward LPs is increasingly prominent. The ratio of exits by private equity versus new investments fell to a record low in 2024, while at the current pace it would take eight years for buyout firms to exit their existing U.S. portfolios, according to data from PitchBook.

Constellation Energy Corporation (CEG) Acquires Calpine Corp for $16.4 Billion, Becoming Largest U.S. Independent Power Provider Ghazal Ahmed Mon, Jan 20, 2025, 6:39 AM 5 min read