Constellation Energy (CEG) agreed to acquire privately-held energy company Calpine in a cash-and-stock deal for a net price of $26.6 billion, including debt. Constellation will purchase Calpine, which produces electricity from natural gas and geothermal resources,

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.

Combined, they will have a capacity of 60 gigawatts from nuclear, natural gas, geothermal, hydro, wind, solar, cogeneration and battery storage.

Image by DigtialStorm via iStock Constellation Energy Corporation is acquiring ... including California, Delaware, New York, Pennsylvania, and Virginia, according to the release.

The combined entity would have almost 60 GW of generating capacity from zero- and low-emission sources, including nuclear, natural gas, geothermal, hydro, wind, solar and batteries.

Constellation is buying natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country's biggest power companies.

“By combining Constellation’s unmatched expertise in zero-emission nuclear energy with Calpine’s industry-leading, best-in-class, low-carbon natural gas and geothermal generation ...

Constellation's USD26.6 billion acquisition of Calpine, the USA's largest generator of electricity from natural gas and geothermal resources, will turn the company which already owns the biggest US nuclear fleet in the USA into the country's largest clean energy power provider.

Constellation Energy has agreed to acquire electricity generator Calpine in a cash and stock transaction valued at around $16.4bn

It’s geographic footprint will span the continental U.S. and include a significantly expanded presence in Texas, the fastest growing market for power demand, as well as other key strategic states, including California, Delaware, New York, Pennsylvania ...

Constellation Energy, a major US nuclear power plant operator, has agreed to buy another electricity producer, Calpine, for nearly $27 billion, the two firms announced Friday.

Constellation Energy Corp. shares surged to a record high after agreeing to acquire closely held Calpine Corp. for $16.4 billion in a deal that will create the largest fleet of US power stations.