Constellation Energy announced that it has received regulatory approval from the Federal Energy Regulatory Commission (FERC) for its previously announced $16.4 billion acquisition of Calpine Corporation. This approval marks a significant milestone in the merger process.
The FERC's nod is a crucial step towards completing the transformative transaction, which aims to combine Constellation's nuclear fleet with Calpine's diversified generation portfolio. This approval addresses a major regulatory hurdle, reducing uncertainty surrounding the deal.
With this key regulatory clearance, the acquisition remains on track to close by year-end, as previously communicated. The combined entity is expected to become America's leading producer of clean and reliable energy, enhancing scale and diversification.
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