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.

Constellation is buying natural gas and geothermal power provider Calpine for $16.4 billion ... include a significantly expanded presence in Texas, the fastest growing market for power demand ...

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.

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 information in this article is based on a press release statement from Cheniere Energy (NYSE:LNG), Inc. The company has demonstrated strong performance with a 58.6% return over the past year, though InvestingPro analysis indicates the stock is currently trading above its Fair Value.

Cheniere Energy, Inc. ("Cheniere") today announced that its Board of Directors ("Board") has appointed W. Benjamin Moreland to serve as a member of the Board, effective January 21, 2025. Mr. Moreland is considered an independent director.

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.