Constellation Energy Nears $30 Billion Cash-and-Stock Deal for Calpine

Jan 8, 2025, 06:08 PM

Constellation Energy is reportedly nearing a $30 billion acquisition of closely held Calpine Corporation in a cash-and-stock deal. The transaction, which could be announced as soon as Monday, is expected to be one of the largest deals in the power generation sector. The acquisition comes amid expectations of rising electricity demand in the United States. Shares of Constellation Energy have fallen 6% following reports of the deal.