Consortium to Buy Power Generator Calpine for $5.6 Billion

SUGAR LAND--August 21, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Power generator Calpine Corporation (NYSE:CPN) (Houston, Texas) announced on Friday that it will be purchased by a consortium led by private equity firm Energy Capital Partners (Short Hills, New Jersey) for $5.6 billion. Other partners in the consortium include Access Industries (New York, New York) and the Canada Pension Plan Investment Board (Toronto, Ontario). The transaction is expected to close in the first quarter of 2018. Industrial Info is tracking $3.5 billion in Calpine projects.

Within the article: Details of the pending merger and Calpine projects