FERC Approves Constellation Energy's Acquisition of Calpine Corporation, Boosting Clean Energy Efforts

The Federal Energy Regulatory Commission (FERC) has recently approved Constellation Energy Corporation's acquisition of Calpine Corporation, a pivotal development in the energy sector aimed at addressing the increasing demand for clean and reliable energy. Joe Dominguez, president and CEO of Constellation, acknowledged FERC's swift review and approval, emphasizing the transaction's role in bolstering the company's ability to provide sustainable power solutions nationwide.

This approval comes after the New York Public Service Commission and the Public Utility Commission of Texas gave their endorsements, paving the way for the transaction's expected completion in the fourth quarter of 2025. Nonetheless, the deal's finalization is contingent upon clearance from the Department of Justice and the fulfillment of other standard closing conditions.

As the largest producer of emissions-free energy in the United States, Constellation is set to utilize this acquisition to reinforce its dedication to a sustainable and secure energy future. With a diverse portfolio that encompasses hydro, wind, solar, and nuclear energy facilities, Constellation is at the forefront of the transition to cleaner energy solutions, underscoring the importance of this acquisition for the industry and the environment.