In a deal driven by an antitrust settlement, LS Power is buying 4.4 GW of PJM plants from Constellation for around $5B. (Utility Dive)
The DOJ and FERC required Constellation to divest PJM assets after it bought Calpine in January. The five plants—all in Delaware and Pennsylvania—are primarily gas-fired and dispatchable.
Of interest: LS Power just sold 12.9 GW in gas plants to NRG for about $13B six weeks ago—and it’s already restocking.