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Constellation Energy, the largest nuclear power plant operator in the U.S., has agreed to acquire Calpine for $16.4 billion, aiming to meet rising electricity demand with natural gas assets. The deal, one of the power sector’s largest, includes $4.5 billion in cash and $12.7 billion in assumed debt, expanding Constellation’s presence in Texas and renewable energy offerings. With power demand from data centers projected to grow significantly, the combined company aims to offer a diverse energy portfolio to manage evolving needs, despite potential risks related to fluctuating commodity prices.
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