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Constellation Energy acquires Calpine (2026)
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acquisitionAnnounced · Jan 26, 2026EnergySource · CredibleArticle · Factual
Calpine
Constellation Energy
Calpine · Constellation Energy

Constellation Energy acquires Calpine

David Najork
David Najork · Founding Software Engineer
Announced · Updated · 1 min read
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Deal value
$26.6B
Target
Calpine
Calpine
Houston, Texas
Acquirer
Constellation Energy
Constellation Energy
Full Acquisition
Status
Completed

Constellation Energy agreed to acquire Calpine. Reported deal value: $26.6B. Status: Completed. Sector: Energy. Target headquarters context: Houston, Texas, United States.

This page summarizes publicly available information about the transaction as of 2026-01-26. Figures and status may change as filings and press coverage update.

Constellation Energy Corp . has finished its $26.6 billion acquisition of Calpine Corp . , operator of most of the geothermal power plants in The Geysers field straddling Sonoma and Lake counties

Deal timeline

Announced
Jan 26, 2026 · pressdemocrat.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context

This transaction is classified in Energy with a reported deal value of $26.6B. Figures and status may change as sources update.

Sources: pressdemocrat.com · Primary article · FireStrike proprietary index