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Stock impact report

Constellation Energy To Sell PJM Portfolio Of Generation Assets In $5 Billion Deal [Yahoo! Finance]

Constellation Energy Corporation - When-Issued (CEG) 
Company Research Source: Yahoo! Finance
This movement comes as the broader market experienced declines, with major indices like the Dow Jones and S&P 500 both down on Wednesday. Assets Details Constellation plans to sell a portfolio of generation assets in PJM to LS Power at $5 billion, before closing adjustments. This represents an acquisition price of around $1,142/kW. This is a part of fulfilling regulatory requirements from the U.S. Department of Justice (DOJ) related to its acquisition of Calpine. Don't Miss: The ‘ChatGPT of Marketing' Just Opened a $0.91/Share Round — 10,000+ Investors Are Already In Explore the Fire-Safe Energy Storage Company With $185M in Contracted Revenue The transaction includes approximately 4.4 gigawatts of natural gas-fired generation capacity located in Delaware and Pennsylvania, with the aim of enhancing operational efficiency and compliance with regulatory standards. Additionally, this sale represents a crucial step in addressing competitive considerations in the market, a Show less Read more
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