Calpine Said To Be Near $1.5 Billion Deal For Pepco Unit -Bloomberg
April 20 2010 - 12:36PM
Dow Jones News
Calpine Corp. (CPN) is close to an agreement to buy Pepco
Holdings Inc. (POM) unit Conectiv Energy for more than $1.5
billion, Bloomberg News reports Tuesday, citing a person with
knowledge of the matter.
An agreement may be completed within days, the source said,
while also cautioning that negotiations could fall apart.
A Calpine spokeswoman declined to say whether the company -- the
biggest U.S. producer of natural gas-fueled power -- is negotiating
with Pepco. A spokesman for the Washington, D.C., utility operator
declined to comment.
Full story at
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7yCsCrO5654&pos=6
-Dow Jones Newswires; 212-416-2900
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