Constellation said it agreed to sell a portfolio of PJM generation assets to LS Power as part of regulatory commitments tied to its Calpine acquisition. LS Power is set to acquire about 4.4 GW of predominantly natural gas-fired capacity in Delaware and Pennsylvania. The deal is valued at USD 5 billion before closing adjustments. The portfolio includes the Bethlehem, York 1, York 2, Hay Road and Edge Moor facilities. Closing is subject to regulatory approvals, including reviews by the DOJ and FERC.
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