Constellation has announced an agreement to acquire Calpine Corp. for approximately $16.4 billion in cash and stock. The net purchase price could reach $26.6 billion after accounting for cash generated by Calpine before closing as well as the value of tax attributes at Calpine. Constellation would pay $4.5 billion in cash and assume roughly $12.7…
The U.S. Department of the Interior will hold an auction for two areas off the southern coast of Oregon that could support 3.1 GW of offshore wind energy, if fully developed, enough to power one million homes. The auction, to be held on October 15th, will include the Coos Bay lease area of 61,203 acres…
Originally scheduled for February 2025, the Federal Energy Regulatory Commission (FERC) has agreed to a one-year delay to the 19th ISO New England (ISO-NE) capacity auction. The delay came at the request of ISO-NE and the New England Power Pool (NEPOOL) as they seek additional time to develop and implement changes to their capacity accreditation…
The PJM Interconnection board of managers is seeking a delay of upcoming capacity auctions, including June’s auction for the 2025/26 delivery year, so that proposed design rule changes may be implemented. “In arriving at this decision, the Board recognized that, despite the implications of auction delay, reforms are necessary to the capacity market design in…
