DOJ Approves Major Powergen Deal: Constellation Buying Calpine
In January, Constellation Energy (a huge power-generating company) announced a deal to buy out and merge with Calpine (another huge power-generating company). Calpine owns 79 energy facilities across the country, generating some 27 gigawatts (GW) of electricity, with a significant number located in the eastern U.S. Many of Calpine’s facilities use natural gas to produce electricity. The two companies combined would own almost 60 GW of nuclear, natural gas, geothermal, hydro, wind, solar, cogeneration, and battery storage. The Federal Energy Regulatory Commission (FERC) signed off on the deal in July, with conditions (see FERC Approves Major Powergen Deal: Constellation Buying Calpine). The U.S. Department of Justice (DOJ) signed off last week, subject to a few more conditions. Read More “DOJ Approves Major Powergen Deal: Constellation Buying Calpine”
In July, MDN told you that Talen Energy, a leading energy producer in the U.S., which owns and operates approximately 10.7 gigawatts (GW) of power infrastructure, had announced the acquisition of two gas-fired power plants: one located near Wilkes-Barre in northeastern Pennsylvania, and the other in Guernsey County, in eastern Ohio (see 
In July, MDN told you that Talen Energy, a leading energy producer in the U.S., which owns and operates approximately 10.7 gigawatts (GW) of power infrastructure, had announced the acquisition of two gas-fired power plants: one located near Wilkes-Barre in northeastern Pennsylvania, and the other in Guernsey County, in eastern Ohio (see 
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Infinity Natural Resources (INR), headquartered in Morgantown, WV, focuses 100% on the Marcellus/Utica. The company went public earlier this year with a $265 million ($20/share) initial public offering, giving INR a $1.18 billion market capitalization (see 
Disappointingly, the Trump Federal Trade Commission (FTC) voted 3-0 to maintain a “consent order” that prevents private equity firm Quantum Energy Partners from owning stock in EQT and prohibits the CEO of Quantum from serving on EQT’s Board of Directors. This is all to do with EQT’s purchase of fellow driller Tug Hill in 2023. In September 2022, EQT announced a deal to buy privately owned Tug Hill Operating’s West Virginia shale assets (90,000 acres and 800 MMcf/d of production in West Virginia) for roughly $5.2 billion (see 
It took over two years, but NextEra Energy finally sold its ownership interest in Meade Pipeline Co LLC to investment company Ares Management Corporation for $1.1 billion. You may recall that NextEra acquired Meade Pipeline for $1.37 billion in 2019 (see 
Earlier this month, we brought you the bombshell news that Antero Resources, the country’s fifth-largest natural gas producer and largest producer in West Virginia, is preparing to market its Ohio Utica assets, hoping to fetch $900 million to $1 billion (see 
A power project we’ve been tracking since 2017 is a 620-megawatt (MW) Marcellus-fired electric plant in Greene County, PA, called the Hill Top Energy Center (
On Oct. 1, 2024, Chesapeake Energy announced that its buyout of and merger with Southwestern Energy in a $7.4 billion deal had been completed (see 
In December 2020, Dan Rice IV, former CEO of Rice Energy and member of the EQT board of directors, launched a “blank check” acquisition firm, called Rice Acquisition Corp. I (RAC I), to invest in various energy ventures. Dan found something to invest in just a few months later, in the form of acquiring and merging Archaea Energy and Aria Energy into a single company focused on providing renewable natural gas (RNG) and “green” hydrogen (see