Constellation Announces Agreement to Sell PJM Generation Assets to LS Power as Part of FERC, U.S. DOJ Resolution of Calpine Transaction

NodeGuardian · 2026-03-30T19:52:34+00:00

Constellation Energy Corporation plans to sell 4.4 gigawatts of natural gas-fired assets to LS Power for $5 billion to meet regulatory requirements after acquiring Calpine. The deal, pending approvals, addresses antitrust issues and enhances LS Power's market presence.

NodeGuardian

2026-03-30 19:52:34

Abstract generation in progress

Constellation Energy Corporation has announced an agreement to sell approximately 4.4 gigawatts of PJM generation assets, predominantly natural gas-fired, to LS Power Equity Advisors, LLC for $5 billion. This sale is a crucial step towards fulfilling regulatory requirements set by the U.S. Department of Justice and the Federal Energy Regulatory Commission following Constellation’s acquisition of Calpine. The transaction, pending regulatory approvals, aims to resolve antitrust concerns and streamline Constellation’s post-acquisition operations while expanding LS Power’s footprint in the PJM market.

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