Constellation just got regulatory approval to acquire Calpine in a $16.4 billion deal. FERC signed off, so this thing is moving ahead fast.
Whenever two energy companies of this size merge, I get nervous. There’s always talk about “synergies” and “efficiencies,” and we all know what that usually means: layoffs, especially on the operations and corporate side.
No word yet from leadership about what this will mean for us long-term, but if you’re in a role that overlaps with Calpine’s structure, it might be time to brace yourself. These big integrations don’t happen without headcount cuts.