The Significance of Constellation’s Acquisition of Calpine

About Constellation?

Revenue: US$24bn (12 months ending September 2024)
Market cap: US$94.9bn
President and CEO: Joseph Dominguez
Employees: 13,800+
Customers: 2.5 million (after Calpine merger)

Headquartered in Baltimore, Constellation Energy provides electric power, natural gas and energy management services to two million customers in the US, as well as 75% of Fortune 100 companies.

Following the acquisition, Constellation will serve more than 2.5 million customers, making it the largest competitive retail electricity supplier in the US.

Introducing Calpine

Calpine is the largest generator of electricity from natural gas and geothermal resources in the US.

The company, based in Houston, serves customers in 24 states, as well as in Canada and Mexico.

Its 76 power plants — including those under construction — make up more than 25,000MW of generation capacity.

Calpine’s The Geysers, located in the Mayacamas Mountains north of San Francisco, is the world’s largest complex of geothermal power plants. 

Comprising 18 power plants spread across 45 square miles along the Sonoma and Lake County border, this geothermal field harnesses naturally occurring steam reservoirs below the earth’s surface. The Geysers generates approximately 725MW of clean, renewable electricity — enough to power 725,000 homes or a city the size of San Francisco.

Andrew Novotny, President and CEO of Calpine, says: “This is an incredible opportunity to bring together top tier generation fleets, leading retail customer businesses and the best people in our industry to help drive a stronger American economy for a cleaner, healthier and more sustainable future. 

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}