Power Supplier Calpine’s Owners Explore Sale, Reuters Says
- Talks with investment banks said to be in early stages
- AI energy demands have put electricity in the spotlight
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The owners of power-plant giant Calpine Corp. are considering options that include a sale, an initial public offering or a stake divestment that would value the company at $30 billion including debt, Reuters reports.
Reuters characterized the talks with investment banks as early stage and said a deal could happen by beginning of 2025, citing people familiar with the matter. Calpine’s owners include Energy Capital Partners, Access Industries Inc. and Canada Pension Plan Investment Board after a $17 billion acquisition announced in 2017, according to its website.