Constellation completes acquisition of Calpine; Groups have 55 GW of generation capacity
Major US utility Constellation said it completed its acquisition of Calpine Corp. from Energy Capital Partners (ECP), creating the country’s largest electricity producer. On Jan. 7, the companies said the transaction, first announced as a $16.4 billion deal a year ago, links Constellation’s nuclear power fleet with Calpine’s geothermal and natural gas generation. The cash…