Ryan Gould, Dinesh Nair, Matthew Monks and David Carnevalli, BLOOMBERG
Constellation Energy Corp. is nearing an acquisition of Calpine Corp., people familiar with the matter said, in what would be one of the biggest ever deals in the power generation sector.
Baltimore-based Constellation is in discussions with Calpine’s private equity owners about the terms of a transaction that could value the company at about $30 billion including debt, according to the people. A deal may be announced in the coming weeks, they said.
Calpine operates the majority of power plants in The Geysers geothermal field straddling Sonoma and Lake counties in the Mayacamas mountains.
Read more at https://www.northbaybusinessjournal.com/article/news/constellation-energy-calpine-acquisition/