Constellation Energy to buy Calpine for $16bn in one of biggest US power moves
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Constellation Energy is set to acquire Calpine for $16 billion, creating the largest independent power provider in the US with 2.5 million customers.
January 10, 2025 | 4:30 pm
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Constellation Energy's acquisition of Calpine for $16 billion will make it the largest independent power provider in the US, significantly expanding its customer base to 2.5 million.
The acquisition of Calpine by Constellation Energy is a major strategic move, positioning CEG as the largest independent power provider in the US. This expansion is likely to positively impact CEG's market position and customer base, potentially driving up its stock price.
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IMPORTANCE 90
RELEVANCE 100