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Constellation Completes Sale of Brazos Valley Energy Center to LS Power

NeutralMedium impact
CEG$279.54 −5.49%

Constellation Energy Corporation (NASDAQ:CEG) has finalized the sale of the Brazos Valley Energy Center to LS Power. The 606-megawatt natural gas-fired facility, located near Houston, operates within the ERCOT power market. Shares of Constellation fell 5.68% to $279.

The transaction marks progress in fulfilling regulatory commitments made to the U.S. Department of Justice related to Constellation's acquisition of Calpine in January 2026. That acquisition established Constellation as the world's largest private-sector power producer, requiring divestitures to meet federal antitrust requirements.

Looking ahead, investors will watch for the closure of additional asset sales. Constellation previously agreed to sell approximately 4.4 gigawatts of mostly gas-fired generation capacity in Delaware and Pennsylvania to LS Power. That deal is expected to close by the end of 2026, subject to customary closing conditions.

Key points

  • Constellation completed the sale of the 606-megawatt Brazos Valley Energy Center to LS Power.
  • The divestiture satisfies Department of Justice regulatory obligations from the Calpine acquisition.
  • Constellation is also selling about 4.4 gigawatts of power assets in Delaware and Pennsylvania to LS Power.
  • The sale of the remaining PJM market assets is scheduled to close by the end of 2026.
  • Shares of Constellation Energy Corporation declined 5.68% to $279.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Why did Constellation sell the Brazos Valley Energy Center?

Constellation sold the plant to meet regulatory commitments made to the U.S. Department of Justice following its acquisition of Calpine in January 2026.

What features does the Brazos Valley Energy Center have?

The facility is a 606-megawatt natural gas-fired combined-cycle power plant located near Houston that operates in the ERCOT market.

When are Constellation's remaining asset sales expected to close?

The sale of approximately 4.4 gigawatts of power generation assets in Delaware and Pennsylvania is expected to close by the end of 2026.