In Texas, Calpine has been selected as a finalist ... in Baltimore and would maintain a “significant” presence in Houston, Calpine’s current headquarters, according to Friday’s statement.

Energy Capital Partners’ $26.6 billion sale of independent power producer Calpine to Constellation ... including the 2021 ERCOT Texas grid failure, caused power investors to see the importance ...

It gives Calpine, which is privately held, an enterprise value 7.9 times the amount of earnings before interest, taxes, depreciation, and amortization it is expected to generate in 2026.