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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

Cable from New Jersey to Manhattan Approved

LCG, Apr. 16, 2003--A plan for an underwater cable of about eight miles in length proposed by a unit of Public Service Enterprise Group Inc. as a way to bring power into New York City was approved by the New York State Public Service Commission yesterday.

The proposal was made by PSEG Power Cross Hudson Corp., and if built would "bring power from an efficient, gas-fired combined cycle facility into New York City and will help displace the use of older, less efficient generation sources," the chairman of the Public Service Commission, William M. Flynn, said in a statement. The cable would run from Ridgefield, New Jersey to Manhattan's west side, and be buried in the Hudson River for part of its length. The capacity of the line would be 345 kilovolts alternating current.

New York City's demand for power has been increasing at such a rate that there is concern about sufficient generation to maintain supplies and reliability.
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