Constellation Energy Corporation CEG and Calpine Corp. announced that they have entered into a definitive agreement under which CEG will acquire Calpine in a cash and stock transaction valued at an equity purchase price of nearly $16.

Baltimore-based Constellation, the nation’s largest operator of nuclear power plants, is acquiring Calpine Corp.

Constellation is buying natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country's biggest power companies.

Combined, they will have a capacity of 60 gigawatts from nuclear, natural gas, geothermal, hydro, wind, solar, cogeneration and battery storage.

Baltimore-based energy company Constellation’s plans to acquire a Houston, Texas-based natural gas producer in a $26.6 billion deal will boost the nation’s biggest energy firm right as the U.S. faces skyrocketing demand for power sources for a booming tech sector.

Constellation Energy shares could remain in focus on Monday after surging more than 25% Friday as the energy giant announced that it will acquire rival Calpine in a deal valued at $26.6 billion. Monitor these key chart levels.

Pennsylvania and Virginia. The buyout will also create the Constellation will buy Calpine with 50 million of its shares and $4.5 billion in cash. It will also assume about $12.7 billion in Calpine ...

Constellation produces electricity at power plants mainly in Maryland, Illinois, New York and Pennsylvania. Houston-based Calpine said it is the largest U.S. producer of energy from “low ...

Constellation Energy Corporation CEG and Calpine Corp. announced that they ... In addition to restarting the Crane Clean Energy Centre in Pennsylvania, Constellation Energy will invest in ...

Constellation's USD26.6 billion acquisition of Calpine, the USA's largest generator of electricity from natural gas and geothermal resources, will turn the company which already owns the biggest US nuclear fleet in the USA into the country's largest clean energy power provider.

Constellation Energy has agreed to acquire electricity generator Calpine in a cash and stock transaction valued at around $16.4bn

The power producer agreed to buy Calpine this past week for $16.4 billion and has become an industry darling amid surging electricity demand