Constellation Energy Corporation has announced a significant milestone in its acquisition of Calpine Corporation, receiving regulatory approval from the Public Utility Commission of Texas (PUCT). This endorsement marks a critical step forward in merging Constellation's extensive zero-emissions nuclear fleet with Calpine's portfolio of low-emission natural gas and geothermal assets. The transaction aims to establish a leading coast-to-coast energy company that can meet the rising demand for sustainable, around-the-clock power. Constellation's CEO, Joe Dominguez, emphasized the merger's potential to bolster service capabilities and advance the transition towards cleaner energy in high-demand areas like Texas. The deal now awaits further clearance from the New York State Public Service Commission, the Federal Energy Regulatory Commission, and the Department of Justice, with finalization expected in the fourth quarter of 2025.
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