Constellation Energy acquires Calpine in $16.4 billion cash-and-stock deal
Type: Acquisition · Technology: Nuclear, Oil Gas, Geothermal, Other · Country: United States · Value: $16.4B · Announced: 2025-01-10
Constellation Energy announced it will buy Calpine for $16.4 billion in cash and stock to combine Constellation's nuclear fleet with Calpine's natural gas and geothermal generation, creating roughly 60,000 MW of coast-to-coast generation capacity.
Counterparties
- Calpine Corporation (Seller)
- Constellation Energy (Buyer)
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