消息人士透露，交易的最终公告预计将在未来几周内发布，但谈判仍在进行中，On Wednesday, Bloomberg reported that Constellation Energy is negotiating with Calpine's Private Equity investors regarding the acquisition. The Trade valuation could reach 30 billion dollars (including debt), and it is expected to become one of the largest mergers and acquisitions in the history of the power Industry. The final announcement is expected to be released in the coming weeks, but there may still be changes in the negotiations.
Energy giant $Constellation Energy (CEG.US)$ The impending acquisition of Calpine may become the largest merger in the power generation Industry.
On Wednesday Eastern Time, Bloomberg cited sources familiar with the matter stating that Baltimore-based Constellation Energy is in negotiations with Calpine's Private Equity investors regarding the acquisition. The deal is valued at approximately $30 billion (including debt) and is expected to become one of the largest mergers in the history of the Electrical Utilities industry.
Sources revealed that the final announcement of the transaction is expected to be released in the coming weeks, but negotiations are still ongoing, and the final price and related terms may still change, with the possibility of delays or cancellation.
Calpine, established in the 1980s, is one of the largest independent power companies in the USA, operating in 22 states and Canada with nearly 80 power facilities. The company primarily generates electricity using Henry Hub Natural Gas and geothermal resources, providing power to approximately 27 million households each year. In 2017, Energy Capital Partners, CPP Investments, and Access Industries privatized Calpine for over $17 billion (including debt).
Constellation Energy is one of the leading clean Energy companies in the USA, with a Market Cap of approximately 76 billion USD, and its stock price has more than doubled in the past year.
For years, electricity demand in the USA has remained relatively stable. However, in recent years, the demand for electricity has surged rapidly due to the expansion of AI-operating Datacenters, the construction of new plants, and the comprehensive electrification from Autos to home heating. According to a report by Grid Strategies, electricity demand in the USA is expected to spike nearly 16% in the next five years.
This trend has brought new development opportunities to the Electrical Utilities industry and has also fueled an increase in merger and acquisition activities. Data shows that the total value of mergers and acquisitions in the Electrical Utilities industry reached approximately $129 billion last year, a one-third increase year-on-year. Major deals include ECP and its investors acquiring Atlantica Sustainable Infrastructure Plc.
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