Constellation Energy Corporation to Acquire Calpine Corporation in $16.4 Billion Deal
Acquiring Company
Constellation Energy
Acquired Company
Calpine Corporation
BaltimoreUnited StatesEnergyOil And GasRenewable EnergyBiomass EnergyEnergyOil And GasRenewable EnergyDescription
Constellation Energy Corporation has entered into an agreement to acquire Calpine Corporation in a cash and stock transaction valued at approximately US$16.4 billion. This transaction creates the US's largest clean energy provider and opens opportunities to serve more customers coast-to-coast with a broader array of energy and sustainability products.
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Frequently asked
Who acquired Calpine Corporation?
Calpine Corporation was acquired by Constellation Energy, based in Baltimore. The deal was reported on January 15, 2025. Constellation Energy is the country's largest operator of nuclear power plants and has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government over the next decade. Constellation Energy is publicly traded (CEG) and operates in Energy.
When did Constellation Energy acquire Calpine Corporation?
Constellation Energy's acquisition of Calpine Corporation was reported on January 15, 2025. Constellation Energy Corporation has entered into an agreement to acquire Calpine Corporation in a cash and stock transaction valued at approximately US$16.4 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Calpine Corporation do?
Calpine Corporation is a leading U.S. power generation company and a business unit of Constellation (NASDAQ: CEG), operating America’s largest fleet of natural gas and geothermal power plants in competitive markets. It is privately held, operating in Energy, and is based in United States.
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