Reported about 23 hours ago
Constellation Energy Corp. is on the verge of acquiring Calpine Corp. in a potential deal valued at approximately $30 billion, which would mark a significant event in the power generation industry. Discussions with Calpine's private equity owners are ongoing, and an announcement could occur soon. Calpine operates nearly 80 facilities and generates electricity primarily from natural gas and geothermal sources, catering to around 27 million homes annually. With the growing demand for electricity driven by various sectors, this acquisition could play a pivotal role in meeting future energy needs.
Source: YAHOO