Constellation to acquire Calpine from Energy Capital Partners for $26.6bn.

Constellation, a producer of clean, emissions-free energy, agreed to acquire Calpine, a generator of electricity from natural gas and geothermal resources, from Energy Capital Partners, an American investment firm, for $26.6bn. “This acquisition will help us better serve our customers across America, from families to businesses and utilities. 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 fleets, we will be able to offer the broadest array of energy products and services available in the industry. Both companies have been at the forefront of America’s transition to cleaner, more reliable and secure energy, and those shared values will guide us as we pursue investments in new and existing clean technologies to meet rising demand. What makes this combination even more special is it brings together two world-class teams, with the most talented women and men in the industry, who share a noble passion for safety, sustainability, operational excellence and helping America’s families, businesses and communities thrive and grow. We look forward to welcoming the Calpine team upon closing of this transaction,” Joe Dominguez, Constellation President and CEO.