US EditionConstellation Energy Agrees to Buy Calpine in $26.6 Billion Deal
- Constellation Energy has agreed to buy Calpine Corporation in a deal valued at $26.6 billion, including debt, which has caused Constellation's shares to rise by 8.8%.
- CPP Investments will receive approximately $700 million in cash and $1.9 billion in Constellation stock from the sale of its stake in Calpine.
- The combined company will have nearly 60 gigawatts of capacity from zero- and low-emission sources, enhancing its presence in key markets.
- The transaction is expected to close in the second half of 2025, pending regulatory approvals and customary closing conditions.
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77 Articles
Constellation to Buy Calpine in $16.4 Billion Deal in the Clean-Energy Sector
Business Column: Analysis M&A activity shifted into a higher gear this week. After the surprise announcement of a merger between JCPenney and Sparc Group on Jan. 8, Constellation and Calpine decided it was time to tie the knot on Friday morning. If it goes through, the merger between the two companies will create America’s leading clean-energy producer to meet the growing energy demand of the nation. “This acquisition will help us better serve o…
The largest nuclear power plant operator in US to buy major natural gas producer
Constellation Energy, the largest nuclear power plant operator in the U.S., has announced its $16.4 billion acquisition of Calpine Corp., a private power company. The deal, one of the biggest in the nation’s energy sector, highlights the growing demand for electricity driven by data center operations. Goldman Sachs projected that power demands from data centers will grow 15% annually through the end of the decade. Constellation said this latest …
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