POWER Magazine•about 1 month ago
Constellation Completes Acquisition of Calpine; Groups Have 55 GW of Generation Capacity
- •Constellation completed its $16.4 billion acquisition of Calpine, creating the nation's largest electricity producer with a combined 55 GW of generation capacity.
- •The merger unites Constellation's baseload nuclear power fleet with Calpine's dispatchable natural gas and geothermal assets, forming a highly diversified generation portfolio.
- •This consolidation creates a dominant market player, potentially influencing wholesale power prices, capacity market dynamics, and PPA negotiations for developers and large power consumers.
capacity-market