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Calpine, Constellation
Constellation buying Calpine in $26.6 billion deal that would join two huge US power companies
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 companies.
Constellation’s stock soared on AI hopes. Now the energy company is using those gains to buy Calpine in $16 billion deal.
Constellation Energy Corp., an electricity provider whose stock has doubled over the last year on hopes it will help meet the voracious energy demand created by artificial-intelligence technologies, on Friday reached a $16.
Power Companies Reach $16.4 Billion Deal as A.I. Drives Energy Use Up
Constellation Energy’s deal to buy Calpine is being driven by fast-rising demand for electricity in part by the technology industry’s investments in artificial intelligence.
POWER Magazine
8h
Constellation Moves to Acquire Calpine in $16.4B Deal, Forming Competitive Generation Goliath
Competitive generation giant Constellation has agreed to acquire Calpine Corp. in a $16.4 billion deal that is set to create ...
2d
on MSN
Baltimore-based Constellation to acquire Calpine, creating one of nation’s largest clean-energy producers
Baltimore-based Constellation, the nation’s largest operator of nuclear power plants, is acquiring Calpine Corp.
Money Morning
2d
CEG Shares Surge as Calpine Acquisition Fuels AI Nuclear Expansion
Constellation Energy shares shot 25% higher today as the company confirmed its intentions to purchase Calpine. Calpine ...
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