Constellation Completes Acquisition of Calpine; Groups Have 55 GW of Generation Capacity
by Darrell Proctor from POWER Magazine on (#72QBE)
Major U.S. utility Constellation said it has completed its acquisition of Calpine Corp. from Energy Capital Partners (ECP), creating the nation's largest producer of electricity. The companies on January 7 noted that the transaction, first announced as a $16.4-billion deal a year ago, unites Constellation's nuclear power fleet with Calpine's natural gas-fired and geothermal generation. The cash-and-stock deal, when including debt, has a total value of $26.6 billion.
The post Constellation Completes Acquisition of Calpine; Groups Have 55 GW of Generation Capacity appeared first on POWER Magazine.
