Calpine said it will sell four power plants in the PJM Interconnection totaling 3,546 MW in an effort to allay concerns that Constellation Energy's (NASDAQ:CEG) plan to buy the company could use its ...
Calpine plans to sell four “valuable” power plants in the PJM Interconnection’s eastern region through a solicitation process ...
Delaware, 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 ...
Including the assumption of debt, Constellation on Friday valued the cash-and-stock deal for the privately held Calpine at $26.6 billion.
The combination of Constellation and Calpine will have nearly 60 gigawatts ... including California, Delaware, New York, Pennsylvania, and Virginia, according to the release.