Constellation's Acquisition of Calpine Receives Federal Approval

The Federal Energy Regulatory Commission (FERC) has granted approval for Constellation's acquisition of Calpine Corporation, a move that underscores the increasing demand for clean and reliable energy sources. Joe Dominguez, president and CEO of Constellation, highlighted the importance of this approval in enabling the company to better serve industries and communities across the nation with sustainable power solutions.

This regulatory milestone follows previous approvals by the New York Public Service Commission and the Public Utility Commission of Texas, bringing the transaction closer to its anticipated closure in the fourth quarter of 2025. However, the deal still awaits clearance from the Department of Justice and must meet other customary closing conditions before finalization.