(Reuters) – Constellation Vitality (NASDAQ:) stated on Friday it could purchase privately held Calpine Corp, a geothermal and natgas power firm, in a cash-and-stock deal valued at $26.6 billion together with debt.
The deal comes as electrical energy demand is predicted to rise to report highs this 12 months, in response to information from the U.S. Vitality Info Administration.
Constellation’s shares rose 3.3% following the deal announcement.
