Calpine Corp.

Calpine Corp acquired a 25% stake in the 615 MW Russell City Energy Center, a combined-cycle gas turbine power plant in Hayward, California, from GE Energy Financial Services.

Calpine Corporation was acquired by an affiliate of Energy Capital Partners and a consortium including Access Industries Inc. and Canada Pension Plan Investment Board. The deal was completed on March 8, 2018, with Calpine stockholders receiving $15.25 per share.

Canada Pension Plan Investment Board signed an agreement to invest US$750 million as part of a consortium led by Energy Capital Partners to acquire Calpine Corporation for US$5.6 billion.

Energy Capital Partners and a consortium including Access Industries and Canada Pension Plan Investment Board agreed to buy Calpine Corp. for $5.6 billion in cash, or $15.25 per share. Including debt, the deal is valued at over $17 billion.