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Constellation Completes Acquisition of Calpine

LCG, January 7, 2026--Constellation today announced that it completed its acquisition of Calpine Corporation from Energy Capital Partners (ECP). Constellation is now the largest producer of electricity in the U.S., with electric generation facilities across the nation.

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Duke Energy Submits Early Site Permit Application to NRC for New Nuclear Reactors in North Carolina

LCG, December 30, 2025--Duke Energy announced today its submission of an early site permit (ESP) application to the U.S. Nuclear Regulatory Commission (NRC). The site is near the Belews Creek Steam Station in Stokes County, North Carolina. The submittal follows two years of work at the site, and the announcement states that the submittal is part of Duke Energy's strategic, on-going commitment to evaluate new nuclear generation options to reliably meet the growing electricity needs of its customers while reducing costs and risks.

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Industry News

Iowa Power Plant Legislation Dies

LCG, May 9, 2001The Iowa House adjourned yesterday on the 121st day of the 2001 session at 5:49 p.m. and the Senate followed at 6:30 p.m. Dying with the session was legislation aimed at making the state self sufficient in electric power generation.

Republican leaders said they were not able to round up enough votes in the state Senate's last hours to pass a bill sought by utility companies that would have encouraged the building of more power plants in Iowa.

Christopher Rants of Sioux City, Majority Leader of the Iowa House, had said earlier "If we don't get it done, we're closer to having rolling blackouts in this state."

Supporters of the bill, which would have removed many restrictions on joint financing of plants by municipal utilities, charged that special-interest groups were spreading false information in an attempt to discredit the proposal, and they may have something.

Critics raised environmental concerns and warned that the legislation could set the stage for the closing of existing plants in favor of higher-profit new plants. They also questioned a provision allowing the state's two largest investor-owned utilities to buy energy on contract from an affiliate that owns the new plant and sells at unregulated wholesale prices.

State Sen. JoAnn Johnson, chairwoman of the Iowa Senate Commerce Committee, conceded that prices will increase as more plants are built, but warned that consumers will pay a much steeper price for their electricity if steps aren't taken now to provide Iowa with a dependable power supply in the future.

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