Utilities Accelerate Asset Acquisitions as U.S. Power Demand Soars

U.S. utilities have signed billions of dollars worth of mergers and acquisitions (M&A) deals this year, driven by the desire to position themselves for the power demand surge. The electric, gas, and water utilities sector has so far this year agreed more than $60 billion worth of asset and corporate acquisition deals, according to  LSEG data cited by Reuters. Some of the biggest deals include Constellation Energy, the biggest owner of U.S. nuclear power plants, buying Calpine in a cash and stock deal valued at an equity purchase price…