Constellation Energy, a nuclear energy company, has acquired the gas and geothermal Calpine Corporation in cash and stock for $16.4 billion.
At the expected closing date of what is being called one of the largest power industry acquisitions, Constellation said the net purchase price will be $26.6 billion on Friday.
“This acquisition will help us better serve our customers across America, from families to businesses and utilities,” said Constellation CEO Joe Dominguez. “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 fleets, we will be able to offer the broadest array of energy products and services available in the industry.”…