Constellation buying Calpine in $26.6 billion deal that would join two huge US power companies

Joe Dominguez Nieuws

Constellation buying Calpine in $26.6 billion deal that would join two huge US power companies
Business

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.

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Constellation is buying power natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country's biggest power companies. The buyout will also create the nation’s leading retail electric supplier, serving 2.5 million customers, the companies said Friday. The deal is anticipated to add more than $2 billion of free cash flow a year, which the companies said will create strategic capital and scale to reinvest in the business.

 

Nederland Laatste Nieuws, Nederland Headlines



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