Constellation’s Acquisition of Calpine Receives Federal Approval

The Federal Energy Regulatory Commission (FERC) has granted approval for Constellation Energy Corporation’s acquisition of Calpine Corporation, a move that signifies a pivotal advancement in the energy sector. This approval is a critical milestone in the transaction, which has already received nods from the New York Public Service Commission and the Public Utility Commission of Texas. The deal, anticipated to conclude in the fourth quarter of 2025, is still awaiting clearance from the Department of Justice and the fulfillment of other standard closing conditions.

Joe Dominguez, president and CEO of Constellation, expressed gratitude for FERC’s prompt review and approval, highlighting the transaction’s role in addressing the escalating demand for electricity. The merger is poised to enhance Constellation’s capacity to deliver clean, uninterrupted power to industries and communities across the nation, supporting their growth and sustainability efforts. This acquisition underscores Constellation’s commitment to leading the transition towards a more reliable and sustainable energy future, leveraging its extensive portfolio of carbon-free energy sources.

Constellation, a Fortune 200 company, stands as the largest producer of emissions-free energy in the United States, supplying power to a vast array of customers, including a significant portion of Fortune 100 companies. With nearly 90% of its annual output being carbon-free, Constellation’s diverse energy generation capabilities, including hydro, wind, solar, and the nation’s largest nuclear fleet, are instrumental in powering the equivalent of 16 million homes. This transaction not only reinforces Constellation’s position in the energy market but also its dedication to investing in innovative technologies to secure a sustainable energy future for the country.

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