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.

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.

Few people saw it coming then, but 2024 would be the year the proverbial planets aligned for this utility name.

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

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

Constellation is buying power natural gas and geothermal power provider Calpine in a cash-and-stock deal valued at approximately $16.4 billion, joining together two of the country’s biggest power companies.

US power generation group Constellation Energy is to buy rival Calpine in a deal that values the target at just under $27bn, the companies announced on Friday. In a joint statement, the companies said that the deal “creates the nation’s largest clean energy provider”.

Merger joins nation’s largest nuclear operator with Texas-based major natural gas and geothermal owner to meet rising AI power demands

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

“By combining Constellation’s unmatched expertise in zero-emission nuclear energy with Calpine’s industry-leading, best-in-class, low-carbon natural gas and geothermal generation ...

Baltimore-based Constellation’s plans to acquire a Houston, Texas,-based natural gas  producer in a $26.6 billion deal will create one of the nation’s biggest energy firms at a time

Good afternoon and Happy Wednesday readers! In today’s Daily on Energy, Callie and Maydeen take a look at how President Donald Trump’s flurry of executive orders could affect how lawmakers vote on his two energy nominees.