Constellation 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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Total News Sources0
Leaning Left9Leaning Right9Center14Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 28%
C 44%
R 28%
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