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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

Russian Takeover Creates One of World’s Largest Oil Companies

LCG, April 22, 2003Yukos will purchase Sibneft, resulting in what will be the fourth largest oil company in the world.

Yukos, the biggest oil company within Russia, will pay $3 billion cash for a 20 percent portion of Sibneft. Yukos has agreed to acquire the remainder of the company at an unspecified date in the future, and the combined companies will be YukosSibneft Oil Company.

Mikhail Khodorkovsky, chief executive and largest shareholder of Yukos, will assume chief executive status in YukosSibneft as well.

YukosSibneft will own a combined total of roughly 19.4 billion barrels of oil and gas equivalent. Oil production is estimated to become 2.3 million barrels per day. The company will also own over 2,500 gas stations.

The companies will complete the merger by the end of the year, although regulatory bodies and shareholders will have some input.

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