Constellation's $16.4 Billion Calpine Acquisition Progresses Toward Q4 Closing

June 18, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--New York state regulators recently approved Constellation Energy Corporation's (NASDAQ:CEG) (Baltimore, Maryland) previously announced $16.4 billion cash-and-stock acquisition of Calpine Corporation (Houston, Texas), which now is expected to close in the fourth quarter, although the deal still needs approval from the U.S. Federal Energy Regulatory Commission (FERC) and the U.S. Department of Justice and is subject to other closing conditions. Constellation is the largest nuclear power company in the U.S., while Calpine's holdings include natural gas-fired and geothermal facilities.