Constellation to Sell 4.4 GW of PJM Gas Power Assets to LS Power for $5B in Regulatory Divestiture
Key Takeaway
This major regulatory-driven sale of 4.4 GW of PJM gas assets to LS Power reshapes the competitive landscape for generation and capacity in the region, impacting developers and large power consumers.
AI Summary
- •Constellation is divesting approximately 4.4 GW of natural gas-fired generation assets in PJM Interconnection to LS Power for $5 billion.
- •This sale is a regulatory requirement to resolve antitrust and market-power concerns arising from Constellation's $26.6 billion acquisition of Calpine Corporation.
- •The transaction represents a significant shift in ownership of PJM's gas-fired generation, potentially influencing future capacity market dynamics and operational strategies for developers and large power consumers in the region.
Topics
Article Content
Competitive generation giant Constellation Energy has agreed to sell approximately 4.4 GW of natural gas–fired generation capacity in PJM Interconnection to LS Power Equity Advisors for $5 billion, marking the largest single tranche of divestitures required to resolve antitrust and market-power concerns arising from Constellation’s $26.6 billion acquisition of Calpine Corporation. The deal, announced on […] The post Constellation to Sell 4.4 GW of PJM Gas Power Assets to LS Power for $5B in Regulatory Divestiture appeared first on POWER Magazine .