Competitive generation giant Constellation has agreed to acquire Calpine Corp. in a $16.4 billion deal that is set to create the largest producer of clean

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 comp

Calpine, the biggest U.S. producer of energy from low-emission ... This deal broadened CEG’s renewable portfolio, including the Geysers facility in Northern California, which is the largest geothermal generator in the United States.

The deal becomes one of the biggest in the history of power generation at a time when demand for electricity has exploded.

Constellation Energy agreed to buy Calpine for $16.4 billion, combining two of the country’s largest electricity generators at a time when their product is in high demand from tech companies. Including the assumption of debt,

Constellation Energy Corporation ( CEG, Financials) said Friday that it will purchase Calpine Corporation ( CPN, Financials) for $26.6 billion in cash and shares, becoming the largest US renewable energy provider. The agreement combines Calpine's low-carbon natural gas and geothermal with Constellation's emissions-free nuclear.

California and Texas are the two most populous ... to report in May last year that the three investment firms that took Calpine private in 2017 - Canada Pension Plan Investment Board, Energy ...

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

including California, Delaware, New York, 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.

The deal bolsters the company's presence in Texas, an important market for the energy producer. STORY HIGHLIGHTS Constellation Energy Group agrees to acquire Calpine Corp. in a deal worth $26.6 ...

Calpine's facilities are located mostly on the East Coast (mid-Atlantic and New England), Texas, and California. Also like Constellation, Calpine has a strong sales and marketing organization with ...

Merger joins nation’s largest nuclear operator with Texas-based major natural gas and geothermal owner to meet rising AI power demands