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Calpine plans to sell four power plants in PJM to avoid market power concerns from Constellation mergerCalpine said it will sell four power plants in the PJM Interconnection totaling 3,546 MW in an effort to allay concerns that Constellation Energy's (NASDAQ:CEG) plan to buy the company could use ...
As part of Constellation Energy’s plan to buy Calpine, Calpine will sell power plants in the PJM Interconnection totaling 3,546 MW to allay concerns the combined company could use its market ...
Wednesday it’ll team up with GE Vernova Inc. and engineering company Kiewit Corp. to build four natural-gas electricity ...
PJM, Facing Capacity Shortage as Early as 2026/2027 Delivery Year, Agrees to Lower Auction Price Cap
and PJM Power Providers Group, alongside competitive generators Constellation, NRG, LS Power, and Calpine. For its part, in response to the complaint, PJM in December noted that it shares the ...
Constellation will acquire Calpine in a cash and stock transaction ... asset sales involve some power plants concentrated in the PJM Interconnection market, the grid operator stretching from ...
It gives Calpine, which is privately held, an enterprise value 7.9 times the amount of earnings before interest, taxes, depreciation, and amortization it is expected to generate in 2026.
It will also assume roughly $12.7 billion of Calpine's net debt. "This acquisition will help us better serve our customers across America, from families to businesses and utilities," said ...
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