stellation Energy (US:CEG) Yahoo Finance·2025-10-14 20:54Core Viewpoint - Constellation Energy Group's stock price increased by over 2% following the announcement that Calpine, a utility it is set to acquire, secured funding for a new power plant, outperforming the S&P 500 index's 0.3% rise [1]. Group 1: Acquisition and Financial Details - Constellation is in the process of acquiring Calpine for approximately $16.4 billion, which includes assuming around $12.7 billion of Calpine's debt [4]. - The acquisition deal is pending approval from regulatory bodies and is expected to close within the current quarter [4]. Group 2: New Power Plant Development - Calpine has secured a loan agreement with the Texas Energy Fund to finance the construction of a 460-megawatt peaking facility, which will operate during peak demand periods [2][3]. - The new facility is under construction and is projected to be operational by 2026 [3].