Calpine

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LS Power to Buy 4.4 GW of Power Generation Assets in PJM
The agreement announced March 18 is valued at $5 billion before closing adjustments, or approximately $1,142/kW of capacity.
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MISO, SPP Collaborate on Their ERAS Proposals
MISO and SPP credited interregional collaboration with helping them win FERC's approval of their expedited study processes.
Constellation Energy
Constellation Stock Jumps off Reported $2.32B in 2025 Profit
Constellation Energy reported a net income of $2.32 billion in 2025 and gave updates on the planned restart of the former Three Mile Island nuclear facility.
Constellation Energy
FERC Denies Rehearing Requests on Constellation-Calpine Merger
FERC upheld its approval of Constellation Energy’s purchase of Calpine while also addressing arguments from consumer and environmental groups.
AdminMonitor
Texas PUC Approves 2 Energy Fund Completion Bonuses
Texas regulators have approved two more applications under the Texas Energy Fund’s completion-bonus program, making the generation resources eligible for more than $100 million in grants.
Calpine
DOJ, Constellation, Calpine Reach Antitrust Settlement
Under a federal antitrust settlement, Calpine Corp. will divest ownership in several generation assets on the PJM and ERCOT grids as a condition for its acquisition by Constellation Energy.
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Oregon PUC Votes to Waive RA Penalties for Independent Suppliers
Citing developments within WPP’s Western Resource Adequacy Program, the Oregon Public Utilities Commission waived penalties for independent power suppliers participating in the state’s alternative RA program.
Google
PJM Stakeholders to Vote on Large Load CIFP Proposals
PJM stakeholders are to vote on a record-breaking number of proposals on how the RTO should integrate large loads without impacting resource adequacy.
ISO-NE
NEPOOL Committees Support ISO-NE Prompt Capacity Auctions
NEPOOL technical committees voted in favor of ISO-NE’s proposal to adopt a prompt capacity auction and update the RTO’s resource retirement process.
Seattle City Light
WRAP Wins Commitments from 16 Entities

Sixteen entities have committed to participating in the Western Resource Adequacy Program’s first financially “binding” season covering winter 2027/28, the Western Power Pool said.


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