POWER Magazine•about 2 months ago
Constellation Completes Acquisition of Calpine; Groups Have 55 GW of Generation Capacity
- •Constellation completed its $26.6 billion acquisition of Calpine, creating the nation's largest electricity producer with a combined 55 GW of generation capacity.
- •The merger integrates Constellation's nuclear power fleet with Calpine's natural gas-fired and geothermal assets, resulting in a highly diversified generation portfolio.
- •This M&A event signifies increased market concentration and creates a formidable, diversified player for developers seeking PPA off-takers or competing for new projects, and for large loads seeking stable, diversified supply.
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