Constellation's Acquisition of Calpine Receives FERC 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 nation's energy sector. Joe Dominguez, president and CEO of Constellation, expressed gratitude for FERC's prompt review and approval, highlighting the transaction's potential to meet the escalating demand for clean, reliable power across the United States.

This regulatory nod follows prior approvals from the New York Public Service Commission and the Public Utility Commission of Texas, setting the stage for the transaction's anticipated closure in the fourth quarter of 2025. However, the deal still awaits clearance from the Department of Justice and the fulfillment of other standard closing conditions.

The acquisition is poised to bolster Constellation's position as a leading provider of emissions-free energy, furthering its commitment to supplying sustainable and secure power to businesses, homes, and public sector customers nationwide. With nearly 90% of its annual output being carbon-free, Constellation's expanded portfolio, including hydro, wind, solar, and the nation's largest nuclear fleet, is expected to play a crucial role in the transition to a cleaner energy future.