Utility Dive•28 days ago
LS Power strikes deal to buy 4.4 GW in PJM from Constellation
Key Takeaway
This major acquisition by LS Power signals a strategic response to PJM's increasing electricity demand and tightening supply, reinforcing the critical role of existing gas generation assets in ensuring grid reliability.
AI Summary
- •LS Power is acquiring 4.4 GW of gas-fired power plants from Constellation in the PJM Interconnection market.
- •This significant M&A activity underscores the increasing electricity demand and tightening supply within PJM.
- •The transaction highlights the continued strategic value of existing dispatchable gas generation assets to meet PJM's growing energy needs and maintain reliability.
Topics
capacity-marketccgtdatacenterm&apjm