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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.