The deal will reportedly create the largest power generation company in the US. Calpine operates the Geysers geothermal field in California, plus a large natural gas power generation fleet in several states.
From the link:
The new company will include “a significantly expanded presence in Texas, the fastest growing market for power demand, as well as other key strategic states, including California, Delaware, New York, Pennsylvania and Virginia,” they said.
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Constellation Energy made news last year when it announced plans to restart the Three Mile Island unit 1 nuclear plant in Pennsylvania, which had been previously shut down.
_ Pete