Separately, Calpine and Constellation are already among the largest power generation companies in the country.

Texas' surging growth in power demand was a big driver in the $26.6 billion deal to acquire Houston's largest private company.

Constellation Energy Group Inc. has agreed to buy a Texas company in a deal worth more than $26 billion that will create one of the largest energy producers in the country.

Competitive generation giant Constellation has agreed to acquire Calpine Corp. in a $16.4 billion deal that is set to create the largest producer of clean

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.

The $16.4 billion purchase agreement would combine the biggest U.S. nuclear operator with Calpine’s natural gas assets.

The Canada Pension Plan Investment Board is selling its stake in Texas-based electricity producer Calpine Corp. for cash and stock, reaping a significant windfall in a deal that will see Constellation Energy Corp. CEG-Q acquire Calpine for US$16.4-billion.

Calpine's facilities are located mostly on the East Coast (mid-Atlantic and New England), Texas, and California. Also like Constellation, Calpine has a strong sales and marketing organization with ...

the Public Utility Commission of Texas and other regulatory agencies. Privately held Calpine is based in Houston. Shares of Constellation Energy Corp., based in Baltimore, surged more than 25% Friday.

While the presidential transition commanded headlines this week, equally significant shifts were occurring in AI technology. Just hours before Donald Trump’s inauguration, DeepSeek released its latest model,

Constellation Energy (CEG) jumps to record high as Guggenheim taps it as top pick in utilities sector for 2025, citing strong growth potential.

The Texas power grid managed by ERCOT performed admirably during this week's major winter weather event which brought blizzard conditions to the Gulf Coast.