Acquisition BenefitsThe acquisition of Calpine significantly expands and diversifies Constellation Energy's assets, enhancing the fuel mix and geographic reach, particularly in Texas and California.
Financial PerformanceConstellation Energy's acquisition of Calpine is projected to be more than 20% accretive in 2026, with at least $2/share accretive annually through 2029, alongside an addition of $2 billion in free cash flow before growth each year.
Market Position And GrowthConstellation Energy positions itself as a leading electricity generator and supplier in the US following the acquisition, which includes a significant increase in both generation capacity and retail contracts.