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Constellation to acquire Calpine for $16.4bn

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Constellation has announced its acquisition of Calpine in a cash and stock transaction valued at $16.4bn, including 50 million Constellation shares, $4.5bn in cash, and the assumption of $12.7bn in net debt.  The deal brings the total net purchase price to $26.6bn after factoring in expected cash generated by Calpine and tax attributes. The transaction, expected to close by January 2026, is subject to regulatory approvals and customary conditions. Constellation plans to fund the cash…

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Constellation awarded over $1bn in contracts by US GSA

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Constellation has secured contracts worth more than $1bn from the US General Services Administration (GSA) to supply nuclear and other energy sources to multiple government agencies and implement energy-saving initiatives. The ten-year contract, valued at $840m, will supply one million megawatt-hours of energy annually from 2025 to 13 government agencies, including the Architect of the Capitol, GSA, and the Department of Veterans’ Affairs. Energy will be provided to facilities across five states, including Illinois and…