Constellation Energy formally defended its planned $26.6 billion acquisition of Calpine Corporation to regulators, following protests from consumer groups. The objections centered on concerns that the merger could grant the combined entity excessive market power.
The defense was presented in a regulatory filing, addressing the arguments raised by consumer advocates. This step is a crucial part of the ongoing regulatory review process for the significant transaction.
Constellation's management is actively working to secure all necessary approvals for the Calpine acquisition, which is expected to close by late 2025 or mid-2026. Addressing these objections is vital for the successful completion of the deal, which aims to expand Constellation's scale and diversify its generation portfolio.
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