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

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

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.

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.

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.

The AI boom is fueling a boost in utility company stocks, due to exponentially greater electricity demand - and nuclear energy is back in the spotlight.

The construction wave threatens the Biden administration’s climate goals, which target a 50% emissions cut by the decade’s end. According to data from energy think tank Ember cited by the Financial Times, U.S. gas plants released over one billion tons of carbon dioxide last year – their highest output on record.

Prices of high-yield dividend stocks sank as yields for long-term Treasuries surged in the final months of 2024. Realty Income is known for its dividend, but growth is coming from surprising places too.