Hosted on MSN1mon
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 ...
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 ...
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 ...
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 ...
Constellation Energy (NASDAQ:CEG) +5.2% pre-market Friday after saying it agreed to acquire Calpine in a cash and stock deal valued at $26.6B, composed of 50M Constellation shares and $4.5B in ...
The pairing of the two big power companies comes after rival Constellation Energy Corp. last month announced a plan to buy Calpine to bulk ... market in Texas and the PJM wholesale market.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback