Shares of power producers rallied after muted wholesale inflation data eased fears about rising interest rates.

A recent spike in Treasury yields had weighed on the utility sector because it's often used as an alternative to bonds by yield-seeking investors.

Energy Capital Partners and other backers of power plant operator Calpine have agreed to wait as long as two years or more to fully realize the potential profits from their investment due to the high proportion of shares offered by Constellation Energy.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-14-25 1731ET