Calpine plans to sell four power plants in PJM to avoid market power concerns from Constellation merger
Calpine said it will sell four power plants in PJM in an effort to allay concerns that Constellation Energy's plan to buy the company could use its market power to affect power prices.
PE Hub1d
ECP’s $26.6bn sale of Calpine to Constellation underscores comeback of natural gas
More gas-fired power deals are expected, with potential PE sellers including Avenue Capital, ArcLight Capital and LS Power.
Calpine to sell 3.5 GW in PJM to avoid market power concerns from Constellation merger
Calpine plans to sell four “valuable” power plants in the PJM Interconnection’s eastern region through a solicitation process, the company told FERC.
Power Engineering1d
Calpine to sell 3.5 GW of gas generation in PJM as part of Constellation acquisition
Constellation and Calpine’s generation fleets are complementary and largely located in different U.S. regions. However, the companies overlap primarily in the eastern portion of PJM Interconnection, according to a filing submitted to the Federal Energy Regulatory Commission (FERC).
US power stocks plummet as DeepSeek raises data center demand doubts
Shares of U.S. power, utility and natural gas companies sold off on Monday in some of the biggest recorded one-day drops, as new AI technology from Chinese start-up DeepSeek cast doubt on a projected surge in U.