Constellation Energy Secures Final DOJ Approval for Calpine Acquisition

Reuters12-06
<a href="https://laohu8.com/S/CEG">Constellation</a> Energy Secures Final DOJ Approval for Calpine Acquisition

Constellation has reached a resolution with the U.S. Department of Justice on the conditions required to complete its acquisition of Calpine Corporation, marking the final regulatory clearance needed for the deal. As part of the agreement, Constellation will divest several Calpine generating assets, including York 2 in Pennsylvania, the Jack Fusco Energy Center near Houston, Texas, and a minority stake in the Gregory Power Plant near Corpus Christi, Texas. The Federal Energy Regulatory Commission had previously approved the transaction on the condition that Calpine's Hay Road, Edge Moor, Bethlehem, and York 1 facilities in the Mid-Atlantic region are also divested. With these approvals in place, the companies can begin closing the transaction once the court signs the agreed stipulation and order.

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