Constellation Energy Nearing Acquisition of Calpine in Major Energy Deal, Bloomberg News

According to a report on Wednesday, Constellation Energy Corp. is close to acquiring Calpine Corp. in what could be one of the most significant transactions in the energy production sector. Baltimore-based Constellation is in talks with Calpine's private equity owners to finalize terms of a deal that would value Calpine at around $30 billion, including debt, according to people familiar with the matter. The report added that the potential acquisition, which could be announced in the coming weeks, is still subject to ongoing negotiations.

Constellation's interest in Calpine highlights strategic moves in the energy sector, where companies are striving to consolidate and expand market assets. While the specific terms of the deal are still under discussion, its completion is likely to have significant implications for both Constellation and the broader energy production industry.