Constellation Energy Sells Generation Assets for $5 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 18 2026
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Should l Buy CEG?
Constellation Energy Corporation and LS Power Equity Advisors, LLC announced an agreement under which Constellation will sell a portfolio of generation assets in PJM to LS Power, a key step in satisfying regulatory commitments related to Constellation's acquisition of Calpine. The proposed sale represents the largest portion of the divestitures required by the U.S. Department of Justice as part of its antitrust review of the Calpine transaction, including all assets required to be divested by the Federal Energy Regulatory Commission. Under the agreement, LS Power will acquire approximately 4.4 gigawatts of predominantly natural gas-fired generation capacity located in Delaware and Pennsylvania, including the Bethlehem, York 1, York 2, Hay Road and Edge Moor Facilities. The transaction is valued at $5B before closing adjustments, representing an acquisition price of approximately $1,142/kW. "This transaction is an important step in satisfying the DOJ's requirements and advancing our path forward," said Joe Dominguez, president and CEO of Constellation. "These are well-run facilities that will continue powering consumers and businesses for decades to come. We're pleased to be moving ahead and expect to complete the remaining DOJ requirements later this year."
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Analyst Views on CEG
Wall Street analysts forecast CEG stock price to rise
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 279.460
Low
350.00
Averages
414.86
High
460.00
Current: 279.460
Low
350.00
Averages
414.86
High
460.00
About CEG
Constellation Energy Corporation is a producer of emissions-free energy and an energy supplier to businesses, homes and public sector customers nationwide. The Company’s nuclear, hydro, wind, and solar generation facilities have the generating capacity to power the equivalent of 27 million homes, providing about 10% of the nation’s clean energy. Its segments include Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. Through its integrated business operations, it sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. It operates approximately 55 gigawatts of capacity from nuclear, natural gas, geothermal, hydro, wind and solar facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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