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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

California Reserve Decision Disappoints Grid Manager

LCG, Feb. 2, 2004--California utilities will be able to raise the level of power they hold in reserve over the next four years, based on a decision by the California Public Utility Commission.

The decision to require a reserve of 15 to 17 percent in 2008 rather than 2006 was seen by the five commissioners as a way of avoiding the additional costs to consumers of those reserves by setting a deadline that is potentially earlier than when they may be needed for reliability. It was a disappointment to the California Independent System Operator (ISO), and to power generators who could provide the reserve.

According to Jan Smutny-Jones, who heads the Independent Energy Producers Association, "The Commission today basically sowed the seeds for the next energy crisis." A spokeswoman for the ISO, Stephanie McCorkle, told the Sacramento Bee that the plan "is not the type of energy insurance policy that we think California needs." Michael Peevey, the PUC President, asserted that an emergency situation is "quite unlikely, and, if we do our job, it's not going to happen."
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