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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

Southern Heads North to Add Renewable Generation

LCG, July 6, 2016--Southern Co. announced yesterday that its subsidiary, Southern Power, has acquired its first project in Maine, the Passadumkeag Windpark, located in Penobscot County. The 43-MW wind project was purchased from an affiliate of Quantum Utility Generation, which developed and built the project. EDF Renewable Services will serve as the balance-of-plant (BOP) operations and maintenance contractor. Construction began last year and is expected to be completed shortly after this acquisition.

The Passadumkeag Windpark will consist of 13 wind turbines manufactured by Vestas-American Wind Technology Inc. According to Southern Power, the majority of the electricity and associated renewable energy credits (RECs) produced by the facility are sold under a 15-year power purchase agreement (PPA) to Eversource Energy. Southern Power plans to retain a small percentage of the electricity and RECs generated, which it may keep or sell.

The project is consistent with Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.

"Southern Power's acquisition of Passadumkeag Windpark extends our national presence to 10 states," stated the President and CEO of Southern Power. "This exciting project adds to a dynamic renewable energy portfolio that is delivering clean, safe, reliable and affordable generation to wholesale customers across the country."
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