Constellation to sell PJM generation assets to LS Power for $5 billion

Constellation Energy Corporation has agreed to sell a portfolio of approximately 4.4 GW of natural gas-fired generation assets in Delaware and Pennsylvania to LS Power for $5 billion, as part of regulatory commitments related to Constellation's acquisition of Calpine.

“This transaction is an important step in satisfying the DOJ's requirements and advancing our path forward.”lspower.com

• 1 source
• lspower.comConstellation Announces Agreement to Sell PJM Generation Assets to LS Power as Part of FERC, U.S. DOJ Resolution of Calpine Transaction - LS PowerAlex HirookaMar 18, 2026

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