Constellation Energy will buy energy producer Calpine
Constellation Energy, the nation's largest nuclear power plant operator, has agreed to buy another electricity producer, Calpine, for $16.4 billion, a deal that shows rapid growth in energy demand, partly due to building data centers for AI, is having far-reaching effects on the economy.The cash-and-stock deal, announced Friday, is among the energy industry's largest and indicates that natural gas will likely play a larger role than many expected a few years ago in meeting the nation's electricity needs. That could undermine efforts to address climate change unless companies quickly figure out how to capture and store emissions from gas-fired power plants.The combination would broaden Constellation's portfolio as companies such as Microsoft, Google and Amazon seek to secure power for data ...










