- Constellation has received regulatory approval from the Federal Energy Regulatory Commission for its acquisition of Calpine Corporation. - This approval supports Constellation’s strategy to become a leading provider of energy products and services for American families and businesses. - Joe Dominguez, president and CEO of Constellation, expressed gratitude for FERC’s timely approval. - The acquisition will enable Constellation to meet the increasing demand for clean, reliable power in the United States. - Earlier approvals have been secured from the New York Public Service Commission and the Public Utility Commission of Texas. - The transaction is expected to close in the fourth quarter of 2025, pending clearance from the Department of Justice and other closing conditions. - Constellation Energy Corporation is the largest producer of reliable, emissions-free energy in the nation. - The company's output is nearly 90% carbon-free and can power the equivalent of 16 million homes, providing around 10% of the nation’s clean energy. - Constellation is focused on investing in innovative technologies to promote a sustainable energy future.

Constellation‘s Deal With Calpine Approved by Federal Energy Regulatory Commission

Jul 24, 2025 8:00 AM Eastern Daylight Time

Approval advances Constellation’s plan to establish leading provider of energy products and services for American families and businesses

BALTIMORE--(BUSINESS WIRE)--Constellation (Nasdaq: CEG) today announced it has received regulatory approval from the Federal Energy Regulatory Commission (FERC) for its previously announced acquisition of Calpine Corporation.

“We appreciate FERC’s timely attention, review and approval of this transaction,” said Joe Dominguez, president and CEO of Constellation. “As electricity demand accelerates, this combination gives us the ability to best serve the nation’s industries and communities with the clean, always-on power they need to grow and thrive.”

This approval represents the most recent step forward in the transaction following earlier approvals by the New York Public Service Commission and the Public Utility Commission of Texas. The transaction, which is expected to close in the fourth quarter of 2025, remains subject to clearance by the Department of Justice and other customary closing conditions.

About Constellation

Constellation Energy Corporation (Nasdaq: CEG), a Fortune 200 company headquartered in Baltimore, is the nation’s largest producer of reliable, emissions-free energy and a leading energy supplier to businesses, homes and public sector customers nationwide, including three-fourths of Fortune 100 companies. With annual output that is nearly 90% carbon-free, our hydro, wind and solar facilities paired with the nation’s largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation’s clean energy. We are committed to investing in innovative technologies to drive the transition to a reliable, sustainable and secure energy future. Follow Constellation on LinkedIn and X.

Contacts

Linsey Wisniewski
Constellation Communications
667-218-7700
linsey.wisniewski@constellation.com