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Constellation completes acquisition of Calpine Corporation

PUBLIC · CEGDec 05, 2025

Acquiring Company

Constellation Energy

Acquired Company

Calpine Corporation

BaltimoreUnited StatesEnergyOil And GasRenewable EnergyBiomass EnergyEnergyOil And GasRenewable Energy

Description

Constellation Energy Corporation has received final regulatory clearance from the U.S. Department of Justice for its acquisition of Calpine Corporation. This approval allows Constellation to merge operations and enhance service capabilities while agreeing to divest certain assets as part of the deal. The acquisition is expected to create a stronger energy supplier with unprecedented scale and capability.

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Company Information

Company

Constellation Energy

Location

Baltimore, Maryland, United States

About

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.

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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 December 5, 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 December 5, 2025. Constellation Energy Corporation has received final regulatory clearance from the U.S. Department of Justice for its acquisition of Calpine Corporation. 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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