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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

Calpine Plans 900 Megawatt Wisconsin Plant

LCG, July 17, 2001Calpine Corp. said this morning it plans to build a 900 megawatt merchant power plant in central Wisconsin. The Sherry Energy Center will be located near the town of Arpin, in Wood County.

Calpine said it had it had entered into agreements to sell 225 megawatts of the plant's capacity and power to Wisconsin Electric Power Co. and another 141 megawatts of capacity and power to Wisconsin Public Service Co.

The new facility will serve both baseload and peaking needs. The plant will include a 600 megawatt combined-cycle unit with two combustion turbines and a steam turbine, and also have a 300 megawatt simple-cycle unit with four combustion turbines.

Under a 10-year deal with Wisconsin Electric, the utility will have dispatch rights for 225 megawatts of the combined-cycle plant's output and will manage the purchase and delivery of fuel used to generate power for its use. A similar 10-year arrangement with Wisconsin Public Service is for dispatch right to 141 megawatts from the peaking unit and fuel management for its generation.

Calpine said the balance of the plant's 900 megawatts will be sold into the Wisconsin wholesale power market.

Construction of the $470 million facility is expected to begin next spring with commercial operation of the simple-cycle portion schedule for a year later. The combined-cycle facility is penciled in for commercial operation in the second quarter of 2004.
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