close icon

Constellation‘s Deal with Calpine Approved by Federal Energy Regulatory Commission

Approval advances Constellation’s plan to establish leading provider of energy products and services for American families and businesses

 

BALTIMORE (July 24, 2025) – Constellation (Nasdaq: CEG) today announced it has received regulatory approval from the Federal Energy Regulatory Commission (FERC) for its previously announced acquisition of Calpine Corporation. 

“We appreciate FERC’s timely attention, review and approval of this transaction,” said Joe Dominguez, president and CEO of Constellation. “As electricity demand accelerates, this combination gives us the ability to best serve the nation’s industries and communities with the clean, always-on power they need to grow and thrive.”

This approval represents the most recent step forward in the transaction following earlier approvals by the New York Public Service Commission and the Public Utility Commission of Texas. The transaction, which is expected to close in the fourth quarter of 2025, remains subject to clearance by the Department of Justice and other customary closing conditions.

 

# # #

 

About Constellation

Constellation Energy Corporation (Nasdaq: CEG), a Fortune 200 company headquartered in Baltimore, is the largest private-sector power producer in the world and the nation’s largest producer of clean and reliable energy. With 55 gigawatts of capacity from nuclear, natural gas, geothermal, hydro, wind and solar facilities, our fleet has the generating capacity to power the equivalent of 27 million homes, providing about 10% of the nation’s clean energy and delivering the around-the-clock reliability needed to power America’s growing economy. We are also the largest nuclear energy company in the U.S. and a leading competitive retail supplier, serving more than 2.5 million homes, businesses and public sector customers nationwide, including three-fourths of the Fortune 100. We are committed to investing in innovation and new technologies to drive the transition to a reliable, sustainable and secure energy future. Follow Constellation on LinkedIn and X.

Download Download

Media Inquiries

Linsey Wisniewski
667-218-7700
linsey.wisniewski@constellation.com

 

 

Stay Up to Date with All the Latest Calpine News and Information