Constellation Energy is nearing a $30 billion deal to acquire power producer Calpine, a Houston operator of gas-fired power plants, per multiple reports. Why it matters This would force a major messaging shift for Constellation,

"Constellation Energy nears $30bn acquisition of Calpine" was originally created and published by Power Technology, a GlobalData owned brand.

Constellation is in talks to buy Calpine in a transaction that would value the power company at close to $30 billion, including debt, the people said. The deal is exp