What is Constellation Energy's new capacity after acquiring Calpine?

The combined companies have approximately 55 gigawatts of electricity generation capacity.

When was the Constellation Energy and Calpine deal announced?

The acquisition deal between Constellation Energy and Calpine was announced in January.

What is the total value of the Constellation Energy-Calpine merger?

Including assumed debt, Constellation Energy valued the cash-and-stock deal with Calpine at $26.6 billion.

Home / Business and Economy / Energy Giant Born: Constellation Acquires Calpine

Energy Giant Born: Constellation Acquires Calpine

8 Jan

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Summary

Constellation Energy's acquisition of Calpine creates a massive U.S. electricity producer.
The combined entity boasts approximately 55 gigawatts of generation capacity.
The deal, announced last January, was valued at $26.6 billion including debt.

Energy Giant Born: Constellation Acquires Calpine

Constellation Energy has successfully completed its acquisition of Calpine, marking the creation of a dominant U.S. electricity producer. This consolidation occurs as demand for power surges, driven significantly by the technology sector's burgeoning requirement for data centers. The combined entity commands an impressive generation capacity of approximately 55 gigawatts, integrating Constellation's expertise in nuclear power with Calpine's substantial natural gas and geothermal resources.

The strategic merger, first unveiled last January, was valued at $26.6 billion when factoring in assumed debt. This acquisition follows Calpine's prior $5.6 billion sale in 2017 to private-equity firm Energy Capital Partners, underscoring the evolving landscape of energy asset ownership. Constellation intends to maintain its headquarters in Baltimore while preserving a substantial operational presence in Houston, Calpine's home base.