Top natgas-fueled power producer Calpine (CPN +3.3%) is reportedly closer to a deal worth more...

|About: Calpine Corporation (CPN)|By:, SA News Editor

Top natgas-fueled power producer Calpine (CPN +3.3%) is reportedly closer to a deal worth more than $1.5B to buy Pepco Holdings' (POM -0.8%) Conectiv Energy - a purchase that would help Houston-based Calpine benefit from higher electricity prices in the mid-Atlantic states and make it the nation's largest independent power producer.