Justice Department Mandates Plant Sales to Advance Constellation’s $26.6 Billion Calpine Acquisition In a significant development, the US Justice Department has agreed to permit the $26.6 billion acquisition of Calpine Corporation by Constellation Energy Corporation after requiring the latter to divest six power plants as a condition of approval. The divestiture will involve the sale of four PJM grid and two ERCOT plants, aimed at addressing concerns that the combined company could artificially inflate electricity prices in key markets such as Texas and New Jersey.

Justice Department Mandates Plant Sales to Advance Constellation’s $26.6 Billion Calpine Acquisition #ERCOT #Antitrust #ConstellationEnergy #CalpineAcquisition #ElectricityPrices #RegulatoryAgency