Constellation Energy Closes Sale of 606 MW Power Plant to LS Power
Constellation Energy Corporation (CEG) completed the sale of its 606-megawatt Brazos Valley Energy Center near Houston to LS Power. The transaction advances divestitures mandated by the U.S. Department of Justice following Constellation's acquisition of Calpine in January 2026. Shares of Constellation Energy Corporation were trading down 5.68% at $279.
The sale helps Constellation satisfy regulatory conditions linked to the Calpine transaction while reducing its exposure to price volatility and market dynamics in Texas's ERCOT power region. Selling the natural gas-fired facility to LS Power also demonstrates ongoing buyer interest for gas generation assets.
Looking ahead, Constellation plans to complete a separate divestiture of approximately 4.4 gigawatts of PJM gas assets to LS Power, which is scheduled to close by the end of 2026.
Key points
- Constellation Energy completed the sale of the 606 MW Brazos Valley plant near Houston to LS Power.
- The divestiture fulfills regulatory commitments required by the Department of Justice following the January 2026 Calpine deal.
- Selling the ERCOT-based facility lowers Constellation's exposure to Texas electricity price volatility.
- Constellation expects to close a separate sale of roughly 4.4 GW of PJM gas assets to LS Power by the end of 2026.
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How we writeDisclaimerQuestions and answers
Why did Constellation Energy sell the Brazos Valley plant?
Constellation Energy sold the 606 MW Brazos Valley facility to LS Power to meet Department of Justice divestiture requirements related to its January 2026 acquisition of Calpine.
Who purchased Constellation Energy's Brazos Valley facility?
LS Power acquired the 606 MW natural gas-fired energy center located near Houston, Texas.
What additional asset sales does Constellation Energy have planned?
Constellation Energy expects to close the sale of approximately 4.4 GW of PJM gas assets to LS Power by the end of 2026.