# 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.

- Type: Acquisition
- Announced: 2026-03-18
- Where: Delaware and Pennsylvania, United States
- Value: $5.00B
- Status: announced
- Capacity: 4.4 GW
- Products: natural gas-fired generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Constellation Energy](https://endata.com/companies/71639.md)
- [LS Power](https://endata.com/companies/36363.md) (acquirer)

## Sources

- [lspower.com](https://www.lspower.com/news/constellation-announces-agreement-to-sell-pjm-generation-assets-to-ls-power-as-part-of-ferc-u-s-doj-resolution-of-calpine-transaction/), 2026-03-18: "This transaction is an important step in satisfying the DOJ's requirements and advancing our path forward."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.