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December 5, 2025

EC25-43

Constellation Energy
FERC Approves Constellation Purchase of Calpine with Conditions
FERC approved Constellation's purchase of Calpine, which will create an even bigger IPP with nearly 60 GW around the country, with the biggest share of that in PJM.
Calpine
DOJ Seeks PJM Market Data for Review of Constellation-Calpine Merger
As part of its review for the Constellation-Calpine merger, DOJ asked PJM for a major trove of market data as it looks into the region where the two firms' operations overlap the most.
Constellation Energy
Constellation-Calpine Merger Draws Protests over Market Power Concerns in PJM
FERC received several protests to Constellation's proposed purchase of Calpine, with PJM's Monitor arguing the companies need to make additional commitments to preserve competition in the RTO.

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