Jan 10 (Reuters) - Constellation Energy Corp ( CEG ):

* CONSTELLATION TO ACQUIRE CALPINE; CREATES AMERICA'S

LEADING

PRODUCER OF CLEAN AND RELIABLE ENERGY TO MEET GROWING DEMAND FOR

CUSTOMERS AND COMMUNITIES

* CONSTELLATION ENERGY CORP ( CEG ) - TO ACQUIRE CALPINE FOR $16.4

BILLION

* CONSTELLATION ENERGY CORP ( CEG ) - DEAL INCLUDES 50 MILLION

CONSTELLATION SHARES, $4.5 BILLION CASH, $12.7 BILLION DEBT

* CONSTELLATION ENERGY CORP ( CEG ) - NET PURCHASE PRICE FOR CALPINE

IS

$26.6 BILLION

* CONSTELLATION ENERGY CORP ( CEG ) - EXPECTED EPS ACCRETION OF MORE

THAN

20% IN 2026

* CONSTELLATION ENERGY CORP ( CEG ) - CALPINE CEO ANDREW NOVOTNY TO

CONTINUE LEADING CALPINE BUSINESS

* CONSTELLATION ENERGY CORP ( CEG ): BASE EARNINGS OUTLOOK IS

EXPECTED TO

CONTINUE GROWING AT A DOUBLE-DIGIT RATE THROUGH DECADE

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