Constellation Energy to Buy Power Producer Calpine
Source: New York Times
Constellation Energy, the nation’s largest nuclear power plant operator, has agreed to buy another electricity producer, Calpine, for $16.4 billion. The deal reflects the key role that natural gas is likely to play in meeting fast-rising U.S. electricity demand.The cash-and-stock deal, announced Friday, ranks among the power sector’s biggest. It would broaden Constellation’s portfolio as companies like Microsoft,…
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