POWER Magazine•about 1 month ago
Constellation to Sell 4.4 GW of PJM Gas Power Assets to LS Power for $5B in Regulatory Divestiture
- •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.
financing