12:47 PM EST, 01/08/2025 (MT Newswires) -- Constellation Energy ( CEG ) is in talks to acquire Calpine in a transaction that would value the energy company at $30 billion, including debt, Bloomberg reported Wednesday.

Constellation is in talks with Calpine's private equity owners Energy Capital Partners, CPP Investments and Access Industries and a deal could be announced in the coming weeks, the report said.

CEG shares were down 10% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 229.62, Change: -26.01, Percent Change: -10.17