Calpine Acquires Champion Energy Marketing

Calpine Acquires Champion Energy Marketing

Calpine Corporation today closed on its acquisition of retail electric provider Champion Energy Marketing, LLC.
 
Champion Energy serves primarily commercial and industrial customers, in addition to about 115,000 residential customers across 10 states.  The company’s service area closely overlaps that of Calpine’s wholesale power generation presence in Texas, Mid-Atlantic and Northeastern U.S. power markets.
 
Champion will remain headquartered in Houston and continue to operate under its own brand.
 
Calpine purchased Champion from a subsidiary of Crane Champion Holdco and EDF Trading North America for $240 million.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...