Constellation's Acquisition of Calpine Receives Federal Approval

The Federal Energy Regulatory Commission (FERC) has granted approval for Constellation Energy Corporation's (Nasdaq: CEG) acquisition of Calpine Corporation, a move that signifies a pivotal advancement in the energy sector. This approval is a critical milestone in the transaction, following prior endorsements 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 expedited review and approval, highlighting the transaction's potential to enhance the company's capacity to deliver clean, uninterrupted power to industries and communities across the nation. This acquisition is poised to play a vital role in addressing the escalating electricity demand, ensuring the availability of sustainable energy solutions that support economic growth and environmental sustainability.

Constellation, a Fortune 200 company and the largest producer of carbon-free energy in the United States, is at the forefront of the transition towards a more reliable and sustainable energy future. The company's extensive portfolio, which includes hydro, wind, solar, and nuclear energy facilities, underscores its commitment to innovation and environmental stewardship. The approval of the Calpine acquisition further solidifies Constellation's position as a leader in the energy sector, capable of powering the equivalent of 16 million homes and supplying approximately 10% of the nation's clean energy.

This development is not only a testament to Constellation's strategic growth initiatives but also reflects the broader industry's shift towards cleaner energy sources. The successful completion of this transaction could set a precedent for future mergers and acquisitions in the energy sector, emphasizing the importance of regulatory compliance and the integration of sustainable practices in meeting the world's energy needs.