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.

U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately-held natural gas and geothermal company Calpine Corp for $16.4 billion, marking one of the biggest acquisitions in the history of the U.

In interesting timing, Friday's announcement came on the silver anniversary of the disastrous AOL/Time Warner merger.

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

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

Baltimore-based energy company Constellation’s plans to acquire a Houston, Texas-based natural gas producer in a $26.6 billion deal will boost the nation’s biggest energy firm right as the U.S. faces skyrocketing demand for power sources for a booming tech sector.

Constellation Energy Corp. shares surged to a record high after agreeing to acquire closely held Calpine Corp. for $16.4 billion in a deal that will create the largest fleet of US power stations.Most

New York, Pennsylvania and Virginia. The buyout will also create the Constellation will buy Calpine with 50 million of its shares and $4.5 billion in cash. It will also assume about $12.7 billion ...

Constellation Energy Corp. shares surged to a record high after agreeing to acquire closely held Calpine Corp. for $16.4 billion in a deal that will create the largest fleet of US power stations.

NEW YORK, Jan 10 (Reuters) - U.S. nuclear power provider Constellation Energy (CEG.O), opens new tab on Friday agreed to buy privately held natural gas and geothermal company Calpine Corp for $16. ...

Calpine is attractively priced ... with about 1/4 of its total capacity in ERCOT (Texas), and the remaining 1/4 in New York, California, and Other. The one area where the overlap may concern ...

the New York Public Service Commission, the Public Utility Commission of Texas and other regulatory agencies. The combination of Constellation and Calpine will have nearly 60 gigawatts (GW ...