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 comp

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,

America’s largest nuclear power plant operator has agreed to buy Texas-headquartered geothermal and natural gas producer Calpine in a $26.6 billion which includes both cash and stock components. The deal highlights the role that natural gas is likely to play in meeting fast-rising US electricity demand.

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

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